22 July 2018
Visit www.gemalto.com

BNP Paribas leads $30 million round in AI firm Digital Reasoning

20 March 2018  |  7308 views  |  0 keyboard 3

BNP Paribas has led a $30 million funding round in artificial intelligence outfit Digital Reasoning. Barclays and Square Capital also participated, as well as previous investors Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City.

Digital Reasoning's AI platform parses unstructured communications data to add context to human coversations, spotlighting compliance failings and potential fraudulent behaviour and delivering insights on future client interactions.

Founded in 2000, the firm moved into financial market in 2012, with clients including UBS and Point72 Asset Management, who use the company's Synthesys technology to scan internal e-mails in search of unfamiliar patterns between employees.

Previous investors include the CIA and Credit Suisse.

The firm says the new round of funding will be used to expand its product portfolio for capital markets and wealth management and work on technology for natural language processing.

Tim Estes, president and founder of Digital Reasoning, says: “The new investment will enable us to use our novel and patented AI technology to turn all forms of communications data - including now audio and voice data - into discoverable, understandable, and actionable insights that help to accelerate customer-centric data strategies in the world’s largest Enterprises.”

For BNP Paribas, the investment is in line with its 2020 digital transformation strategy. "It’s a transformation based on reinventing our clients experience, advancing the use of data and analytics and improving our operating efficiency,” notes Olivier Osty, head of global markets BNP Paribas. “The partnership amplifies BNP Paribas’ commitment to innovative technology and harnessing it to help us better serve our clients.”
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BNP Paribas Fortis signs deal with Swedish PFM startup Tink

BNP Paribas Fortis signs deal with Swedish PFM startup Tink

09 March 2018  |  12725 views  |  0 comments | 15 tweets | 20 linkedin
BNP Paribas launches fintech investment fund

BNP Paribas launches fintech investment fund

23 February 2018  |  18508 views  |  0 comments | 15 tweets | 23 linkedin
BNP Paribas buys stake in SME credit specialist Caple

BNP Paribas buys stake in SME credit specialist Caple

17 November 2017  |  8598 views  |  0 comments | 2 tweets | 7 linkedin
BNP Paribas applies AI to alleviate trade matching delays

BNP Paribas applies AI to alleviate trade matching delays

09 October 2017  |  7217 views  |  0 comments | 6 tweets | 17 linkedin
BNP Paribas buys majority stake in robo-advisor Gambit

BNP Paribas buys majority stake in robo-advisor Gambit

07 September 2017  |  11634 views  |  0 comments | 16 tweets | 26 linkedin
BNP Paribas leads $63m funding round for Wall Street messaging outfit Symphony

BNP Paribas leads $63m funding round for Wall Street messaging outfit Symphony

16 May 2017  |  6345 views  |  0 comments | 3 tweets | 6 linkedin
BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

04 April 2017  |  12652 views  |  0 comments | 23 tweets | 22 linkedin
BNP Paribas builds a bridge to Silicon Valley

BNP Paribas builds a bridge to Silicon Valley

10 February 2017  |  7222 views  |  0 comments | 20 tweets | 13 linkedin
BNP Paribas to double digital spending to EUR3 billion

BNP Paribas to double digital spending to EUR3 billion

07 February 2017  |  10301 views  |  0 comments | 23 tweets | 28 linkedin
BNP Paribas takes stake in AI-based compliance startup

BNP Paribas takes stake in AI-based compliance startup

30 January 2017  |  11588 views  |  0 comments | 16 tweets | 16 linkedin
BNP Paribas takes stake in accelerator graduate PayCar

BNP Paribas takes stake in accelerator graduate PayCar

30 November 2016  |  6653 views  |  0 comments | 4 tweets | 5 linkedin

Related company news

 

Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13575 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11246 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10114 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7452 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7267 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job