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Calypso Partners With 2021.AI
Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say.
The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say.
“By partnering with 2021.AI, including leveraging both the 2021.AI Grace AI platform and the company’s expertise in developing models, we have fast-tracked our entry into providing machine learning and AI,” says Raj Manghani, global head of product development at Calypso Technology.
Officials at Calypso say that the first use case and model selected was the “Anticipate potential STP breaks/settlement failures,” using AI. “This provides failure probability to the securities back-office and was presented and well-received at the Calypso Client Conference in Paris in June this year.”
“Everyone who has worked in a financial institution has experienced the pain…
