AI Tech

Cleareye.ai Joins Forces with Microsoft for AI Platform

Cleareye.ai is a leading FinTech platform that enables banks to launch tailored-products for digital transformation. Today announced its alliance with Microsoft. Cleareye.ai’s enterprise-ready platform will use Microsoft technology to power its products, starting with the PPP loan Forgiveness Processing Engine, which will be driven by Microsoft Azure.

This offer is a Microsoft Azure Artificial Intelligence (AI) driven document automation and rules reconciliation solution. It is intended for lenders who process forgiveness requests and part of the Small Business Administration’s Paycheck Protection Program (PPP), which offers direct incentives to small organizations to keep employees on the payroll during the COVID-19 pandemic.

In the 1st round of this program, more than $525 billion was distributed. But banks, faced with processing applications in 60 days, dealt with processing blockages due to the sheer number of loans and the details of document verification.

Cleareye.ai’s engine intended to lessen the risk and cut-cost linked with processing, increase productivity and improve accuracy. The system employs Natural Language Processing (NLP), advanced machine comprehension, computer vision, ML, and configurable rules to process forgiveness requests at scale and in a fraction of the time while integrating with current load processing systems.

The engine from Cleareye.ai’ also uses computer vision, part of Azure Cognitive Services, Azure Kubernetes Service, and other accessible computing and analytical services from Microsoft to accomplish its promise to its end-users.

Chandrasekhar Somasekhar, Chief Architect at Cleareye.ai, said, “Microsoft’s cloud-based computer interface significantly streamlines our document understanding process to extract printed and handwritten text. Cognitive service containers are a game-changer for us, they give us the flexibility to bring our data close to where it gets processed for compliance, security, or other operational reasons.”

Mariya George, Cleareye.ai’s Co-Founder and President, added, “Quality of text extraction has significantly improved the accuracy of our downstream language prediction models, which in turn streamlined business processes, such as loan processing and trade finance document scrutinization. This collaboration with Microsoft will add tremendous value to our customers and prospects.”

While offering both on-premises and private cloud deployments, Cleareye.ai uses Azure services to help secure its customer data, simplify the Paycheck Protection Program (PPP) process and distinguish the buyer experience. Azure Cognitive Services and its Computer Vision OCR powers the solution’s ability to manage risk and regulatory compliance and improve financial crime stoppage. With Microsoft as its technology collaborator, Cleareye.ai will start rolling out its range of products.

David Koscheski, director, US Financial Services, Microsoft, said, “We’re pleased for this new collaboration with Cleareye.ai, which allows Microsoft Azure to serve as a backbone to Cleareye.ai’s AI-powered processing engine. We believe the combination of the technologies will have a significant impact for lenders while responding to growing demand.”

About Cleareye.ai

Cleareye.ai is a game-changing, advanced artificial intelligence (AI) machine learning platform that enables banks to launch tailored products at a rapid pace. Headquartered in Los Angeles with offices in New York, Bahrain, and India, the company works to significantly simplify banking by leveraging advanced AI techniques. Its platform combines the power of Consumer Experience Sensing, Insights Generation from data, and Autonomous Automation, all powered by AI. Furthermore, Cleareye.ai seeks to transform banks into hyper-agile organizations that customers want to bank with, and that employees feel proud of, all while delivering exceptional customer service, driving short-term gains and long-term growth, and generating insights to sustain momentum at a digital scale.


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AI and Big Data Expo North America announces leading Speaker Lineup

TechEx Events | March 07, 2024

AI and Big Data Expo North America announces new speakers! SANTA CLARA, CALIFORNIA, UNITED STATES, February 26, 2024 /EINPresswire.com/ -- TheAI and Big Expo North America, the leading event for Enterprise AI, Machine Learning, Security, Ethical AI, Deep Learning, Data Ecosystems, and NLP, has announced a fresh cohort of distinguishedspeakersfor its upcoming conference at the Santa Clara Convention Center on June 5-6, 2024. Some of the top industry speakers set to take the stage are: - Sam Hamilton - Head of Data & AI – Visa - Dr Astha Purohit - Director - Product (Tech) Ops – Walmart - Noorddin Taj - Head of Architecture and Design of Intelligent Operations - BP - Temi Odesanya - Director - AI Governance Automation - Thomson Reuters - Katie Sanders - Assistant Vice President – Tech - Union Pacific Railroad - Prasanth Nandanuru – SVP - Wells Fargo - Rodney Brooks - Professor Emeritus - MIT These esteemed speakers bring a wealth of knowledge and expertise to an already impressive lineup, promising attendees a truly enlightening experience. In addition to the speakers, theAI and Big Data Expo North Americawill feature a series of presentations covering a diverse range of topics in AI and Big Data exploring the latest innovations, implementations and strategies across a range of industries. Attendees can expect to gain valuable insights and practical strategies from presentations such as: How Gen AI Positively Augments Workforce Capabilities Trends in Computer Vision: Applications, Datasets, and Models Getting to Production-Ready: Challenges and Best Practices for Deploying AI Ensuring Your AI is Responsible and Ethical Mitigating Bias and Promoting Fairness in AI Systems Security Challenges in the Era of Gen AI and Data Science AI for Good: Social Impact and Ethics Selling Data Democratization to Executives Spreading Data Insights across the Business Barriers to Overcome: People, Processes, and Technology Optimizing the Customer Experience with AI Using AI to Drive Growth in a Regulated Industry Building an MLOps Foundation for AI at Scale The Expo offers a platform for exploration and discovery, showcasing how cutting-edge technologies are reshaping a myriad of industries, including manufacturing, transport, supply chain, government, legal sectors, financial services, energy, utilities, insurance, healthcare, retail, and more. Attendees will have the chance to witness firsthand the transformative power of AI and Big Data across various sectors, gaining insights that are crucial for staying ahead in today's rapidly evolving technological landscape. Anticipating a turnout of over 7000 attendees and featuring 200 speakers across various tracks, AI and Big Data Expo North America offers a unique opportunity for CTO’s, CDO’s, CIO’s , Heads of IOT, AI /ML, IT Directors and tech enthusiasts to stay abreast of the latest trends and innovations in AI, Big Data and related technologies. Organized by TechEx Events, the conference will also feature six co-located events, including the IoT Tech Expo, Intelligent Automation Conference, Cyber Security & Cloud Congress, Digital Transformation Week, and Edge Computing Expo, ensuring a comprehensive exploration of the technological landscape. Attendees can choose from various ticket options, providing access to engaging sessions, the bustling expo floor, premium tracks featuring industry leaders, a VIP networking party, and a sophisticated networking app facilitating connections ahead of the event. Secure your ticket with a 25% discount on tickets, available until March 31st, 2024. Save up to $300 on your ticket and be part of the conversation shaping the future of AI and Big Data technologies. For more information and to secure your place at AI and Big Data Expo North America, please visit https://www.ai-expo.net/northamerica/. About AI and Big Data Expo North America: The AI and Big Data Expo North America is a leading event in the AI and Big Data landscape, serving as a nexus for professionals, industry experts, and enthusiasts to explore and navigate the ever-evolving technological frontier. Through its focus on education, networking, and collaboration, the Expo continues to be a beacon for those eager to stay at the forefront of technological innovation. “AI and Big Data Expo North Americais a part ofTechEx. For more information regardingTechExplease see onlinehere.”

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