Squirro & axeed Partnership: More Accurate Client Insights for Banks

Zurich – September 25, 2019 – Augmented intelligence solutions provider Squirro has partnered with banking business intelligence firm axeed, combining structured and unstructured data to offer global banks far deeper client insights and data-driven recommendations.

With banks continually seeking to extract additional value from the data they hold, the new strategic partnership will enable banks and other Financial Services (FS) providers to benefit from a more accurate client view, with greater context and narrative added to the data they hold.

Data modeling for big data specialist, axeed, already works with more than 40 banks across Europe, helping them with reporting and the digitization of their structured data in dashboards. Memo Dener, CEO, axeed, believes that the insight from their visualization for big data will be expanded enormously by partnering with Squirro to allow banks to work with their unstructured data too:

“There is not only much more unstructured data than there is structured data, but it is also often far richer in insight. By working with Squirro, which uses Augmented Intelligence to add structure to unstructured data, we can offer a much more powerful solution to banks, providing context and story to the data, which can be used for customer understanding, market analysis, managing compliance, and much more.”

Miguel Rodriguez, Chief Sales Officer at Squirro sees a great value add through the integration of Squirro within all axeed products:

“We’re very pleased to start this strategic collaboration with axeed and enhance their business intelligence applications with our Augmented Intelligence capabilities. Through the integration, axeed clients will have access to Squirro’s cognitive search, 360° client cockpit that co-mingles structured and unstructured data, as well as our AI-driven lead recommendations. This will allow companies to fully leverage all their data and become truly insights-driven.”

Squirro works with FS providers in Europe, Asia, and the US, including world-leading brands such as Investec, Helvetia Insurance, and Axis. The partnership with axeed, which will bring unstructured data to each user’s dashboard, will be used to target FS companies in private and retail banking, asset management, and insurance. The Augmented Intelligence solutions help to analyze enormous amounts of data, identifying patterns and dependencies, and find key insights that are difficult to detect by humans and form the base of the decision-making processes.

“axeed not only analyzes structured data in a bank’s own system, but also any third-party systems too, so it is the perfect partner for Squirro,” said Miguel Rodriguez, Chief Sales Officer, Squirro. “As a Qlik Elite Solution provider, axeed has a proven track record and powerful technology in providing banking intelligence and insight based on structured data. Adding Squirro’s AI-based unstructured data processing capabilities provides a truly powerful proposition for banks to use data insight to understand their customers and markets much better.”