KPMG Fintech Israel, a local partner of the leading global network of professional advisory services firms providing guidance to financial institutions, announced on Tuesday it has named Binah.ai as its new fintech partner. According to KPMG, Binah.ai makes data science accessible with out-of-the-box financial services-focused use cases, combining signal processing and AI to deliver previously impossible levels of accuracy, stability, and performance. It was revealed:
“Binah.ai delivers an end-to-end data science solution focused on business results. Its custom-built, proprietary, comprehensive mathematical back-end leverages signal processing to strengthen data value. Signal processing helps eliminate the outliers, create cleaner data, and reduce the noise to deliver a better overall data set – accelerating the path from challenge to solution. Binah’s technology can use any data set, meaning the financial institution can use its own data or publicly available information to drive results.”
KPMG reported that the KPMG Global Fintech consists of professionals in nearly 50 hubs around the world working closely with financial institutions and fintech companies to help them understand the signals of change, identify growth opportunities, and to develop and execute their strategic plans. Ilanit Adesman, KPMG Fintech practice at KPMG Israel, stated:
“Our intensive selection process ensures that we choose only fintech providers that can directly address critical issues within the financial services industry.”
David Maman, CEO, CTO & Co-founder of Binah.ai, added:
“Binah.ai focuses on simplicity. Our technology allows financial institutions to increase profit and reduce costs without requiring millions in investment in digital transformation.”