November 201719 correlation between human expertise and machine learning to significantly improve claims processing productivity and efficiency.To cite an instance, AIDA's advanced AI-based solution, AIDA-KYT (Know Your Trader), expedites trading floor irregularities detection for compliance and audit teams, necessitated by current regulatory requirements. The KYT system is based on advanced AI and machine learning coupled with deep analysis capabilities to detect unusual communications (beyond traditional dictionary-based text mining) and unsupervised concept drift to detect behavioural change. It promotes an effective KYT perspective by automatically and continuously monitoring trading floor transactions and communications data, as well as highlighting outlier behaviours and unusual communications.Dr. Tan continues, "With our expertise and experience, we are able to rapidly model problems and correspondingly employ our machine learning tools, techniques, and methods to develop impactful and transformational solutions." As the key factor constituting to AIDA's competitive advantage Dr. Tan acknowledges his team comprising of more than 10 PhD level scientists and technologists. With the consistent efforts of its team, AIDA has gained a foothold in Singapore and across, Malaysia, Indonesia, Thailand, and India in a span of less than a year. Having already secured Tier-1 banking and insurance clients in these countries, the roadmap of AIDA is to go global by their third fiscal year. UpcomingIssueFinTech
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