The start-up Squirro will in future be supporting Radicant, another start-up likewise based in Zurich, within the framework of a partnership centered on data analysis and resultant customer recommendations. To this end, the financial services provider Radicant has integrated the AI-based solution developed by Squirro in its banking platform, further details of which can be found in a press release. The aim is to automatically make the findings and insights gained from Squirro’s data analysis available not only to decision-makers at Radicant, but also to its customers.
Founded in 2012, Squirro provides its clients, including the European Central Bank (ECB), ING Bank and the Bank of England (BoE), with AI-based solutions that support users in searching, analyzing and interpreting unstructured data. First, useless data is transformed into actionable insights with the aim of supporting business decisions. Moreover, Squirro helps to identify risks and costs more quickly in addition to realizing market launches more efficiently.
The fintech firm Radicant was awarded a banking license in May of this year by the Swiss Financial Market Supervisory Authority (FINMA) and is currently in the start-up phase. By taking account of the 17 Sustainable Development Goals (SDGs) of the United Nations, the start-up is seeking to democratize access to personalized and sustainable financial services around the clock.
With the help of the technology from Squirro, Radicant intends to “set new benchmarks for automated recommendation processes”, comments Anders Bally, CEO and co-founder of Radicant, in the press release. For Squirro the collaboration with Radicant “offers a unique opportunity to redefine banking processes together”, explains Dorian Selz, CEO and co-founder Squirro.