It seems like a day can't go by without a new Artificial Intelligence (AI) story in the headlines. AI is learning to beat Go champions and drive cars. The impression is of an unstoppable tide, one that will crash over every area of life and technology with equal effect. This vision is reinforced by pundits who rarely deviate from the extremes of breathless utopian futurism or apocalyptic doom. It is, by and large, a collection of statistical processes used to build systems that possess a combination of rules-based and iterative or adaptive capabilities.

"In 2015 Chartis's continuous market scan of end-user organizations identified Ayasdi as one of the most innovative AI players in the risk and compliance space," said Peyman Mestchian, Managing Partner at Chartis. "We have been particularly impressed by the practical use-cases and proof points provided by Ayasdi and how its large-scale machine intelligence-based applications and overall platform strategy help some of the world's largest financial services firms to reduce the cost and risk of compliance." Ayasdi is well positioned globally to help financial services firms leverage AI to address pressing challenging including CCAR/stress testing, risk management, internal surveillance, client intelligence, market intelligence, fraud detection and anti-money laundering. Ayasdi's enterprise machine intelligence platform ingests and processes large volumes of internal data, market data, and/or third party data and then applies multiple machine learning, statistical and geometric algorithms to gain insight and predict the future. For some applications, such as anti-money laundering, Ayasdi operates autonomously behind the scenes to help reduce false positives in existing rule-base AML systems.