Black Knight Announces Acquisition of HeavyWater, Artificial Intelligence and Machine Learning Solution - NASDAQ.com

JACKSONVILLE, Fla., June 04, 2018 (GLOBE NEWSWIRE) -- Today, Black Knight, Inc. (NYSE:BKI) announced that it has acquired HeavyWater, a provider of artificial intelligence and machine learning (AI/ML) to the financial services industry. Black Knight will be integrating AIVA (pronounced Ay-vah) into its premier solutions, while also making the technology available to clients who seek to deploy AI/ML within other parts of their organizations to help enhance efficiency, effectiveness and accuracy. By taking on manual tasks that have diverted resources away from value creation projects, AIVA reads, comprehends and draws conclusions based on context to mimic cognitive thinking and build expertise over time. Located in Philadelphia, HeavyWater has been providing this solution to help lenders verify income, assets and insurance coverage, which are traditionally manual activities that take hours to complete and are prone to error. Clients benefit from accelerated processes and reduced expenses as AIVA gains experience and manual routines are automated.