Interesting development here:
Calypso Technology Inc. and 2021.AI are joining forces in a new partnership with the aim of optimizing back-office processes for Calypso’s global client base. Combining their distinctive competencies by delivering state-of-the-art AI models and with access to 2021.AI’s Grace AI platform, Calypso continues to offer the best solutions to their clients while remaining at the forefront of the latest technologies.
There's a ton of press on AI for the front office in capital markets (trading in particular), wealth management (portfolio analytics, for e.g.) and lending, but we shouldn't take our eyes of back office. Calypso is a leader in the space, so this AI partnership is certainly noteworthy.
- Kevan Huston