Itiviti has announced another industry partnership this Thursday, with the technology and service provider for financial institutions revealing that it has teamed up with Imandra Inc., the company behind the Imandra automated reasoning engine.
Imandra provides artificial intelligence technology. Under the agreement, the company’s tech will be used to improve the onboarding process for Itiviti’s clients of its Managed FIX global connectivity platform.
According to the statement released today, the partnership will also extend to growing the financial service provider’s artificial intelligence capabilities across its range of software solutions and services.
Partnerships are integral to Itiviti’s strategy
Commenting on the announcement, Linda Middleditch, EVP, Head of Product Strategy, Itiviti Group said in the statement: “Partnerships are integral to Itiviti’s overall strategy, by partnering with cutting edge companies like Imandra we can remain at the forefront of technology innovation and continue to develop quality solutions to support our clients.
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“Generally, client onboarding has been a neglected area within the industry for many years, but we believe working with Imandra we can raise the level of automation for testing and QA, while significantly reducing onboarding bottlenecks for our clients.
“Other areas we are actively exploring to benefit from AI are within the Compliance and Analytics space. We are very excited to be working with Imandra.”
Imrandra provides cloud-scale automated reasoning and scalable symbolic AI for financial algorithms. The company has been used by well-known investment banks, and in 2019, it expanded outside of financial services and is currently under contract with the US Department of Defense.
“This partnership will capture the tremendous opportunities within financial markets for removing manual work and applying much-needed rigorous scientific techniques toward testing of safety critical infrastructure,” added Denis Ignatovich, co-founder and co-CEO of Imandra.
Speaking on the partnership, Dr. Grant Passmore, co-founder and co-CEO of Imandra continued: “We look forward to helping Itiviti empower clients to take full advantage of their solutions, while adding key capabilities. This partnership is the culmination of many years of deep R&D and we’re thrilled to partner with Itiviti to bring our technology to global financial markets on a massive scale.”