Veritone and OPEXUS Team Up to Provide AI Solutions to National Canadian Bank
April 30 2024 - 6:00AM
Business Wire
Veritone Redact Provides Redaction Capabilities
for OPEXUS’ ATIPXpress® AI Assist Module, Improving Data Privacy
Workflows While Helping to Comply with Regulations
Veritone, Inc. (NASDAQ: VERI), a leader in
designing human-centered AI solutions, and OPEXUS, a leading
provider of government process management software, today announced
that a major national bank in Canada is leveraging the OPEXUS
ATIPXpress® AI Assist Module, which now includes Veritone’s
award-winning Redact solution.
Veritone Redact uses pre-processing and machine learning to
support the AI Assist Module by finding, flagging and redacting
sensitive information in audio and video data, which may include
audio calls between customer service representatives and customers,
internal company video conversations or on-premise surveillance
footage. Redaction plays an important role in the bank’s efforts to
maintain data security, regulatory compliance and trust in
financial services. Redacting multimedia files is a time-intensive
process, and Veritone Redact is able to help ATIP teams reduce
redaction times by up to 90%, helping speed the ATIP request
process and meet public demands more quickly.
“Redaction plays a crucial role in many sectors, including
government finance, given the importance of complying with Access
to Information and Privacy (ATIP) regulations; but manual redaction
carries the weight of being time-consuming, error-prone and costly,
often lacking the scalability and auditability crucial for
large-scale document management,” said Howard Langsam, chief
executive officer, OPEXUS. “Fortunately, through our AI Assist
module and Veritone Redact, we provide an AI-powered redaction
solution capable of effectively handling an uptick in audio and
video ATIP requests.”
“As the waves of audio and video data surge, AI-powered
redaction is an indispensable tool for modern organizations,
offering efficiency and accuracy in safeguarding sensitive
information,” said Jon Gacek, general manager for Veritone Public
Sector. “By integrating Veritone Redact into their AI Assist
module, OPEXUS empowers their customers to effectively navigate the
rising tide of ATIP requests, while also improving their ATIP
workflows to help save time, money and resources.”
Built on Veritone’s proven aiWARE™ enterprise platform, Veritone
Redact enables users to manually define sensitive imagery and
objects, including heads and personally identifiable information,
and then automatically redacts this information from audio and
video documents. It also enables searches for keywords and phrases
captured within the recorded audio and quick redaction of those
items. To learn more visit:
https://www.veritone.com/applications/redact/
The news follows OPEXUS’ recent contract renewal with the
federal financial institution, whereby the bank will utilize
OPEXUS’ expanded performance ATIP modules including AI Assist,
Collaboration Portal, Public Access Link and Electronic Document
Review. Given the increase in ATIP requests over the last several
years, banks across Canada are seeing the need to modernize their
ATIP process. OPEXUS’ expanded performance modules give them and
other public agencies the tools they need to fully mature their
ATIP programs while modernizing, streamlining and managing complex
requests at scale. To learn more visit:
https://www.opexustech.com/product/atipxpress/
About OPEXUS
With OPEXUS, get government unstuck. OPEXUS is the leader in
FedRAMP-certified government process management software with more
than 30 years of experience supporting public institutions. The
company brings operational excellence to governments’ middle office
so agencies can focus on the critical work of mission delivery.
OPEXUS empowers 100,000 government users with exceptional
technology experiences and a built-for-government product suite,
including solutions for audit, investigations, correspondence,
Freedom of Information Act (FOIA) requests, and employee &
labor. Located in the heart of Washington D.C., OPEXUS works with
more than 150 public institutions in the US and Canada. For more
information, visit www.opexustech.com.
About Veritone
Veritone (NASDAQ: VERI) designs human-centered AI solutions.
Serving customers in the talent acquisition, media, entertainment
and public sector industries, Veritone’s software and services
empower individuals at the world’s largest and most recognizable
brands to run more efficiently, accelerate decision making and
increase profitability. Veritone’s leading enterprise AI platform,
aiWARE™, orchestrates an ever-growing ecosystem of machine learning
models, transforming data sources into actionable intelligence. By
blending human expertise with AI technology, Veritone advances
human potential to help organizations solve problems and achieve
more than ever before, enhancing lives everywhere. To learn more,
visit Veritone.com
Safe Harbor Statement
This news release contains forward-looking statements. Without
limiting the generality of the foregoing, words such as “may,”
“will,” “expect,” “believe,” “anticipate,” “intend,” “could,”
“estimate” or “continue” or the negative or other variations
thereof or comparable terminology are intended to identify
forward-looking statements. In addition, any statements that refer
to expectations, projections or other characterizations of future
events or circumstances are forward-looking statements. Assumptions
relating to the foregoing involve judgments and risks with respect
to various matters which are difficult or impossible to predict
accurately and many of which are beyond the control of Veritone.
Certain of such judgments and risks are discussed in Veritone’s SEC
filings. Although Veritone believes that the assumptions underlying
the forward-looking statements are reasonable, any of the
assumptions could prove inaccurate and, therefore, there can be no
assurance that the results contemplated in forward-looking
statements will be realized. In light of the significant
uncertainties inherent in the forward-looking information included
herein, the inclusion of such information should not be regarded as
a representation by Veritone or any other person that their
objectives or plans will be achieved. Veritone undertakes no
obligation to revise the forward-looking statements contained
herein to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20240430468597/en/
Media Contact:
Valerie Christopherson or Lora Metzner Global Results Comms
(GRC) +1 949 608 0276 Veritone@globalresultspr.com
Sarah Rich Veritone srich@veritone.com
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