EY US has partnered with SymphonyAI to help organizations leverage predictive and generative AI software for digital transformation and enhanced efficiency.
The collaboration will center on tackling the escalating issue of financial crime prevention and regulatory compliance, particularly concerning major financial clients grappling with heightened levels of sophistication among fraudsters engaged in deceitful transactions, evading sanctions, and engaging in money laundering. Using the SymphonyAI Sensa-NetReveal suite, EY US aims to leverage its business expertise, practical deployment background, and prowess in digital transformation to assist customers in swiftly and precisely pinpointing and examining dubious activities.
"The power of AI in business today is clear. Working with SymphonyAI, we will bring successful AI deployments to organizations around the globe. Initially, we are teaming to help enable financial institutions to level the playing field and meet regulatory as well as societal expectations for fraud detection and prevention more consistently, rapidly and effectively," said Greg Sarafin, EY Global Partner Ecosystem Leader.
Moreover, the partnership will contribute to the expansion of AI-based solution delivery for retailers, including computer vision-based intelligence capabilities that improve store operations. It will also help to enhance customer experience and digital-industrial manufacturing through asset management and worker connection solutions, which are intended to progress operations, yields, and safety.
"We are pleased to team with EY US on financial technology and beyond, advancing capabilities that drive greater productivity, accuracy and business impact. The power of innovative SymphonyAI solutions and the businesses and technology transformation knowledge of EY US, complemented by deep vertical experience in both organizations, will unlock business value worldwide," said Kumar Abhimanyu, Senior VP and Global Head of Strategic Partnerships, SymphonyAI.