Prestigious International Annual Awards
Program Honors Standout AI and Machine Learning Solutions and
Companies
BOSTON, June 26,
2024 /PRNewswire/ -- Saifr, a compliance
solutions provider that uses artificial intelligence (AI) to help
firms mitigate regulatory risks, today announced that it has been
selected as the winner of the "Best AI-based Solution for Financial
Services" award in the seventh annual AI Breakthrough Awards
program conducted by AI Breakthrough, a leading market intelligence
organization that recognizes the top companies, technologies and
products in the global AI market.
Saifr's rules-based, machine learning (ML) and deep learning
models help compliance and marketing teams to develop and review
more compliant content up to 10x faster while reducing brand and
regulatory risks.
Saifr began in Fidelity Labs, an in-house software incubator of
Fidelity Investments, with access to millions of proprietary data
points, representing the work of thousands of marketing and
compliance experts in various lines of business. These
documents—and those from other independent sources—were validated
by experts, including former regulatory staff attorneys, and feed
the NLP models.
Saifr's models "understand" content—including text, images,
audio and video—as it is being created and highlight potentially
risky words, phrases and images, explaining why something might be
misleading, exaggerated or problematic. The models go beyond
flagging content to suggest alternative, more compliant language
and needed disclosures. Models also score content for marketing
optimization, including sentiment, readability level and inclusive
language. Changes can be made before compliance even sees the first
version.
"We're incredibly proud to receive the 'Best AI-based Solution
for Financial Services' award from AI Breakthrough. Our goal is to
help firms produce better, less risky content faster, and take
control of marketing compliance early on even in the face of
evolving regulations and significant penalties," said Vall Herard, CEO of Saifr. "Our solution has
been shown to consistently flag 90% of what a human compliance
reviewer would, enabling professionals to focus on the more
nuanced, challenging issues that require uniquely human judgment.
Our team will continue to use their spirit and drive to make an
impact through advanced AI."
The mission of the AI Breakthrough Awards is to honor excellence
and recognize innovation, hard work and success in a range of AI
and ML-related categories, including Generative AI, Computer
Vision, AIOps, Deep Learning, Robotics, Natural Language
Processing, industry-specific AI applications and more. This year's
program attracted more than 5,000 nominations from over 20
different countries worldwide.
"Saifr is addressing the changing needs of financial services,
making it easier for firms to spend more time doing what matters
most for their clients. Financial institutions are subject to
constantly evolving regulations to protect investors. The impacts
of these violations cause multiple rounds of compliance review that
make it difficult for marketing teams to deliver timely
communications," said Steve
Johansson, managing director, AI Breakthrough. "Saifr helps
reduce friction, improve efficiency, and mitigate risk. Their
innovative, AI-driven solutions help clients get materials to
market faster, reducing brand and compliance risks, and assisting
in their efforts to protect consumers from being misled when making
important financial decisions."
About Saifr
Saifr, a RegTech within Fidelity
Investment's innovation incubator, Fidelity Labs, is committed to
safeguarding organizations from pervasive AI and regulatory risks.
Using intelligent technology that efficiently and effectively
navigates complex compliance and regulatory requirements, Saifr
helps clients save time, reduce costs and improve accuracy while
protecting the firm. Our advanced, AI-powered risk prevention and
management solutions include capabilities for marketing compliance
review and adverse media screening and monitoring. Learn more at
https://saifr.ai.
About AI Breakthrough
Part of Tech Breakthrough,
a leading market intelligence and recognition platform for global
technology innovation and leadership, the AI Breakthrough Awards
program is devoted to honoring excellence in Artificial
Intelligence technologies, services, companies and products. The AI
Breakthrough Awards provide public recognition for the achievements
of AI companies and products in categories including Generative AI,
Machine Learning, AI Platforms, Robotics, Business Intelligence, AI
Hardware, Computer Vision and more. For more information
visit AIBreakthroughAwards.com.
Tech Breakthrough LLC does not endorse any vendor, product or
service depicted in our recognition programs, and does not advise
technology users to select only those vendors with award
designations. Tech Breakthrough LLC recognition consists of the
opinions of the Tech Breakthrough LLC organization and should not
be construed as statements of fact. Tech Breakthrough LLC disclaims
all warranties, expressed or implied, with respect to this
recognition program, including any warranties of merchantability or
fitness for a particular purpose.
Media Contacts:
BLASTmedia for Saifr
saifr@blastmedia.com
317-806-1900 ext. 139
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SOURCE Saifr