The ai Corporation (ai), an FCA approved expert in payments and risk management, today announced that it will be launching a public cloud-based service to meet global demand for its unique fraud and risk management solutions, following its successful global expansion.
ai will leverage the explosion of tools and solutions offered by Microsoft Azure to accelerate its client deployments to fight fraud. The move will help ai to meet growing demand for its services and leverage the Microsoft Azure public cloud’s benefits, such as secure, automatically scaling server-less systems.
Dr Mark Goldspink, CEO of ai, says: “Cloud is not new, indeed ai and its management team have been running private cloud solutions for global clients for decades. However, due to the growth of ai globally, we have taken to decision to migrate to the public cloud working with a functionally rich provider.
“This year ai will be processing over 1 billion transactions, so our migration means we now have the tools at our disposal to deploy, monitor, scale and secure our solutions, while becoming an even more competitive, efficient and indispensable partner to our global client base.”
ai’s move to the public cloud will enable financial institutions of all sizes to adopt ai’s unique machine-learning technology rapidly, in conjunction with its best of breed payment processing and analytics capabilities. While giving customers the highest confidence in ai’s data resilience and security, and complying with the latest national data sovereignty laws and access restrictions and requirements.
Tom Myles, ai’s Chief Technology Officer, says: “Microsoft Azure’s public cloud maturity will enable ai to quickly serve its global customer base with fast, reliable and secure services. Cloud providers, like Microsoft Azure, have been investing billions into their infrastructure to open new data centres around the world. So, it’s prudent as a provider to the global financial services market to deploy to the public cloud.
“Recent multiple releases have also seen many financial institutions move to the public cloud, which demonstrates an increase in market confidence in the reliability and security offered by the leading cloud providers. In fact, the high costs of on-premises infrastructure and the need for increased agility will drive, at least, 65% of banks to the cloud by the end of 2017 .”
ai have partnered with Kainos to implement the migration. Kainos provides digital technology solutions for organisation across the global. As a gold partner of Microsoft, Kainos brings over 20 years of expertise to the product.
Russell Sloan, Director of the Kainos digital services division said: “Kainos are delighted to be working with ai on this exciting journey to the cloud. We are seeing an increasing demand for cloud solutions from our customers. Our strong relationship with Microsoft increases our ability to help customers realise savings and improve the way they do business using the cloud.”
About The ai Corporation Limited (ai) ai is trusted around the world for developing innovative technology that allows our customers to take control and grow profitably. Founded in 1998, we have a long track record of providing solutions to some of the world’s largest financial/payment institutions and international merchants. Our longstanding business partnerships are based on making things simple, self-service tools that allow our customers to take control. By focussing this way, we constantly strive to help our customers create highly profitable returns. Take Control: Simply Stop Fraud. Today, our unique self-service fraud detection solutions are considered by many industry “thought leaders” to be the best in the world. Our solutions, including our new “state of the art” machine learning/A. I, protect and enrich payments experiences for more than 100 banks, over three million multi-channel merchants and over 300 million consumer cardholders. We also monitor over 25 billion transactions and authorisations each year. These machine learning technologies are also flexible enough to be applied to other business processes that require detailed consumer insight for marketing or pricing. Take Control: Simply Manage Omni-Channel Payments: In line with customer demand and as the payment value chain continues to converge, ai is positioning itself to take advantage of the evolution of payments digitations, by exploiting our fraud and analytical capabilities. To support this ai’s payment gateway, issuing platform and European Money License, means we can act as a payment facilitator for our business partners, allowing them the luxury of rapidly launch new alternative payment types into the market place. A truly end to end offering which uses “state of the art” machine learning to securely manage Omni-channel payment transactions securely via a cloud based platform. Find out how ai can provide innovative technology that will help you grow profitably by visiting www.aicorporation.com
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