Radicant and Squirro Announce their Partnership in the Field of Artificial Intelligence (AI) to Leverage Data-Based Analytics and Recommendations
Zurich, June 28, 2022 – radicant, the first sustainable, digital and collaborative internet-based financial services company which is aligned with the UN's 17 Sustainable Development Goals, is working closely with Squirro. The integration of technology enables radicant to automate decision-making processes and improve customer understanding and service quality.
The Swiss tech company Squirro, recognized as a "Visionary" in Gartner Magic Quadrant for Insight Engines, links and analyzes data to provide new insights as a basis for decision-making. So far, this artificial intelligence (AI)-based technology has been made available to decision-makers in companies. In collaboration with radicant, these insights and recommendations are now offered not only within the company but also to radicant's customers. The solution is fully integrated into both the Google Cloud-based banking platform and radicant's cloud-based Salesforce solutions.
"Our partnership with Squirro is an excellent example of co-creation: we are integrating the world-leading AI solutions from the Switzerland-based company Squirro with solutions from the world’s leading technology companies such as Google Cloud and Salesforce. This allows us to set new benchmarks for automated recommendation processes. It is a great pleasure to rethink banking processes and customer experiences together with Squirro's experienced and creative team," explains Dr. Anders Bally, CEO and Co-Founder of radicant.
"We are proud to support radicant in building an innovative bank with a consistent focus on sustainability. With its deep understanding of technology and data, radicant plays a pioneering role in the Swiss banking landscape. For us, the collaboration with radicant offers a unique opportunity to redefine banking processes together," said Dr. Dorian Selz, CEO and Co-Founder of Squirro.
radicant is a data- and technology-driven startup with the goal of democratizing access to personalized and sustainable financial services around the clock. The fintech company will promote the UN’s 17 Sustainable Development Goals in the market with its community and financial services, as well as by establishing those goals within its company. Through increased transparency, the bank will help its customers to achieve their individual financial and sustainability goals. radicant is currently in the startup phase and received its banking license from FINMA in May 2022.
On The Meaning of "radicant"
In biology, radicant plants are characterized by their distinct ability to adapt to new environments and conditions. They repeatedly strike new roots during growth, separating themselves from roots that are no longer needed. For us, the term radicant symbolizes a ground-breaking shift in the adaptability of financial services that is deeply rooted in sustainability.
Squirro is a leading provider of Augmented Intelligence solutions for search, analysis and interpretation of unstructured information, which was recognized as a “Visionary” in the Gartner Magic Quadrant for Insight Engines. Squirro is an ISO 27001 certified company.
Thanks to its unique technology, marrying AI, Machine Learning and Predictive Analytics, Squirro’s solutions deliver measurable results for its customers in the form of revenue and efficiency gains, reduced risks and cost, as well as faster time to market.
Founded in 2012, Squirro is a fast-growing company with dedicated teams in Singapore, the United States, Great Britain, and Switzerland.
Some of our customers are European Central Bank, Bank of England, Standard Chartered, ING, Candriam and Henkel, among others.
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Steven Grinberg, Marketing Director North America
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