Black Knight seeks AI might with HeavyWater deal

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite. "AI, machine learning and neural network solutions are the future of delivering enhanced productivity and capabilities to our clients, and we are very excited about the potential HeavyWater has to offer," Black Knight CEO Anthony Jabbour said in a press release. "Now, with HeavyWater a part of Black Knight, we'll be able to apply this groundbreaking technology at scale and pursue our shared goal of transforming the industry." The acquisition price was not disclosed. HeavyWater has been using its AIVA technology to help lenders verify income, assets and insurance.