KPMG & Binah.ai Partner to Solve Business Challenges for Financial Institutions

USA - English

• USA - English

TEL AVIV, Israel, Dec. 18, 2018 /PRNewswire/ -- KPMG Fintech Israel, a local partner of the leading global network of professional advisory services firms providing guidance to financial institutions, has selected Binah.ai as one of its selected fintech partners.

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. Available use cases include tradable assets trend prediction, foreign exchange benchmarks, yield curve analysis, customer churn, sector profitability analysis, volatility analysis, and credit risk, among others.

KPMG Global Fintech comprises professionals in more than 45 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. 

"Our intensive selection process ensures that we choose only fintech providers that can directly address critical issues within the financial services industry," says Ilanit Adesman, KPMG Fintech practice, KPMG Israel.

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.

"Binah.ai focuses on simplicity," said David Maman, CEO, CTO & Co-founder of Binah.ai. "Our technology allows financial institutions to increase profit and reduce costs without requiring millions in investment in digital transformation."

About Binah.ai

Binah.ai provides actionable answers to critical business challenges with a combination of signal processing and machine learning, which accelerates the path from data to insights. The Binah team leverages 90+ years of development in big data, analytics, signal processing, machine learning, corporate expertise and technology to deliver a unique combination of out-of-the-box data science solutions. Clients include major financial institutions around the world, as well as large enterprises across multiple industries. Visit http://www.binah.ai/ for more information.

About KPMG Fintech

The Financial Services industry is transforming with the emergence of innovative new products, channels and business models. This wave of change is driven by evolving customer expectations, digitalization, as well as continued regulatory and cost pressures. We are passionate about supporting clients to successfully navigate this transformation, mitigating the threats and capitalizing on the opportunities. KPMG Global Fintech comprises professionals in over 45 fintech hubs around the world, working closely with financial institutions and fintech companies, to help them understand the signals of change, identify the growth opportunities and to develop and execute on their strategic plans. 

About KPMG International

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 154 countries and territories and have 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

For more information, contact:

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Amy Kenigsberg
K2 Global Communications  
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SOURCE Binah.ai

Related Links

http://www.binah.ai/