NEC and dotData to offer AI to automate data analysis for SMBC Group

NEC has partnered with dotData, a Silicon Valley venture in the automation of data science, to deliver artificial intelligence and data analytics solutions to the Sumitomo Mitsui Financial Group (SMBC Group) for its financial solutions. NEC has secured an exclusive license of dotData platform to provide this software across Japan. Since 2016, Sumitomo Mitsui Banking Corporation, NEC and the dotData team have been actively working to integrate AI into banking operations to develop new service offerings. As a result of this successful collaboration, the SMBC Group has decided to use dotData platform across the five group companies. Using dotData platform, the SMBC Group wants to deal with issues such as the marketing of various financial products, including credit cards and housing loans.