FRONTEO, Inc. to Provide New Solutions for Financial Institutions That Support FSA’s Strategic Directions and Priorities
December 21, 2016 at 08:00 am EST
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FRONTEO, Inc. announced that the company has started providing new solutions to deliver operational reforms for financial institutions by using FRONTEO’s proprietary KIBIT AI engine to conduct compliance checks and expand sales opportunities. Since October 2015, Lit i View AI Sukedachi Samurai has been analyzing business data at over 20 financial institutions, including banks, securities firms and insurance companies. During test trials at these financial institutions, the Company used KIBIT to deliver services in areas of operational reform, sales promotion, and risk response. Based on the know-how and experience obtained through these opportunities, FRONTEO continues to use KIBIT to analyze the daily information gathered at these financial institutions. As a result, the Company believes it now can provide a new solution that delivers more efficient operational reform at a reasonable cost. The project team involves various departments at FRONTEO. For example, the Sales and Business Development team serves as the point of contact for solutions; the Technology Support Team performs analysis, and the Behavior Informatics Research Institute provides technical backup and operational support. In addition to providing the AI product, FRONTEO will also provide services such as training programs and AI process outsourcing to enable rapid introduction of such effective AI solutions at a reasonable cost for these financial institutions.
FRONTEO, Inc. is principally engaged in the legaltech business and the artificial intelligence (AI) solution business. The Company operates its business through two business segments. The Legaltech business is involved in the provision of e-discovery and forensic services. The AI Solution business is involved in business intelligence, digital communication and healthcare business.