The ai Corporation (ai), an FCA approved expert in payments and risk management, today announced that it will be launching a public cloud-based service to meet global demand for its unique fraud and risk management solutions, following its successful global expansion.
ai will leverage the explosion of tools and solutions offered by Microsoft Azure to accelerate its client deployments to fight fraud. The move will help ai to meet growing demand for its services and leverage the Microsoft Azure public cloud’s benefits, such as secure, automatically scaling server-less systems.
Dr Mark Goldspink, CEO of ai, says: “Cloud is not new, indeed ai and its management team have been running private cloud solutions for global clients for decades. However, due to the growth of ai globally, we have taken to decision to migrate to the public cloud working with a functionally rich provider.
“This year ai will be processing over 1 billion transactions, so our migration means we now have the tools at our disposal to deploy, monitor, scale and secure our solutions, while becoming an even more competitive, efficient and indispensable partner to our global client base.”
ai’s move to the public cloud will enable financial institutions of all sizes to adopt ai’s unique machine-learning technology rapidly, in conjunction with its best of breed payment processing and analytics capabilities. While giving customers the highest confidence in ai’s data resilience and security, and complying with the latest national data sovereignty laws and access restrictions and requirements.
Tom Myles, ai’s Chief Technology Officer, says: “Microsoft Azure’s public cloud maturity will enable ai to quickly serve its global customer base with fast, reliable and secure services. Cloud providers, like Microsoft Azure, have been investing billions into their infrastructure to open new data centres around the world. So, it’s prudent as a provider to the global financial services market to deploy to the public cloud.
“Recent multiple releases have also seen many financial institutions move to the public cloud, which demonstrates an increase in market confidence in the reliability and security offered by the leading cloud providers. In fact, the high costs of on-premises infrastructure and the need for increased agility will drive, at least, 65% of banks to the cloud by the end of 2017”
ai have partnered with Kainos to implement the migration. Kainos provides digital technology solutions for organisation across the global. As a gold partner of Microsoft, Kainos brings over 20 years of expertise to the product.
Russell Sloan, Director of the Kainos digital services division said: “Kainos are delighted to be working with ai on this exciting journey to the cloud. We are seeing an increasing demand for cloud solutions from our customers. Our strong relationship with Microsoft increases our ability to help customers realise savings and improve the way they do business using the cloud.”