TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has appointed James Robinson as managing director of consumer interactive in the UK.

As part of the UK executive team, James will lead TransUnion’s regional consumer business, helping businesses to deliver streamlined customer journeys and supporting financial inclusion through credit education and consumer empowerment.

Commenting on his appointment, James Robinson said: “Our consumer business plays a crucial role in helping millions of people across the UK to access and understand their credit information. I’m thrilled to join the UK executive team at such an exciting time as we continue to build our network of partners and advance our mission to ensure consumers have the tools to monitor, understand and improve their financial wellbeing.”

Having joined TransUnion more than 15 years ago, James has an in-depth knowledge of the company’s consumer operations and was previously director of product and presales for the consumer team. James has played a key role in the creation and implementation of TransUnion’s custom-labelled CreditView solution, as well as helping to develop TransUnion’s open banking strategy.

Satrajit “Satty” Saha, CEO of TransUnion in the UK, added: “The consumer is at the heart of all that we do and our consumer team is dedicated to delivering the best outcomes for consumers, working closely with our many partners. With his extensive knowledge of our business and the evolving consumer credit market, James brings a wealth of expertise to support our aim of using information for good and I’m delighted to welcome him to our leadership team.”

TransUnion provides credit information to more than 17 million UK consumers, with a range of partners, from leading high street banks to fintechs and credit unions.

James succeeds Kelli Fielding, who has been named head of consumer interactive internationally, where she will be responsible for strategy and performance for the consumer business across all TransUnion’s international markets.

Kelli will also continue to represent TransUnion on the board of Monevo to help leverage TransUnion's global relationships and market-leading decisioning and analytic capabilities.

Red Hat, Inc., the world's leading provider of open source solutions, today announced that YES BANK has adopted Azure Red Hat OpenShift to transform their mobile banking applications. Azure Red Hat OpenShift will further expedite the digital journey of YES BANK with faster time to market, more flexibility and ability to drive greater innovation. The new platform will enable YES BANK to improve customer experience and provide innovative banking solutions by launching security-focused and efficient modern applications. These applications will have the agility and flexibility to scale on demand, helping the bank with their growth initiatives of serving customers across India.

YES BANK is a full-service commercial bank providing a complete range of products, services, and technology-driven digital offerings. The bank believes that a holistic customer experience is the epicenter of digital transformation and has been at the forefront of adopting new-gen technologies to provide innovative experiences to its customers. Azure Red Hat OpenShift will empower the bank’s pursuits to remain ahead of the curve and help them to create next-gen mobile applications. These applications will help create a seamless customer experience across multiple banking solutions. The platform would also provide security features and agility to YES BANK to more safely innovate and pivot faster to meet the evolving demands of the market.

Launched in 2019, Azure Red Hat OpenShift is the first co-developed, jointly-operated Red Hat OpenShift service on the public cloud, providing customers with the same enterprise-grade Kubernetes used in private datacenters with the scale of Microsoft Azure. As a managed cloud service, Azure Red Hat OpenShift enables organizations to start innovating almost immediately, helping businesses streamline modernization efforts and focus on providing value for their end users, while worrying less about maintaining the complex underlying architecture. Solutions like Azure Red Hat OpenShift help organizations such as YES BANK to automatically assemble and merge critical resources to make execution of services more straightforward and efficient.

Supporting Quotes

Mahesh Ramamoorthy, CIO, YES BANK
“In today’s digitally-driven world, agility is paramount. With Azure Red Hat OpenShift, we can promptly respond to customer demands while also having the assurance that our platform is constructed on cutting-edge cloud and cloud-native infrastructure. This provides us with a security-focused, robust, and scalable foundation that we require to lead the charge of digital-native banking in India.”

Marshal Correia, vice president and general manager, South Asia, Red Hat
“Azure Red Hat OpenShift enables large financial institutions like YES BANK to stay abreast of ever-changing customer needs and continuously evolve their digital transformation journeys. Red Hat is committed to providing hybrid cloud solutions that enable banks to deliver capabilities faster while effectively managing risk. With Azure Red Hat OpenShift, YES BANK is able to focus on delivering cloud-native innovation all while meeting the stringent requirements of sensitive workloads.”

Red Hat Summit
To watch the Red Hat Summit keynotes virtually, tune in at the following times. The livestream will be available on Red Hat's Twitter, LinkedIn, and YouTube accounts. Choose your viewing preference and hear the latest from Red Hat executives, customers, and partners.

• May 23 at 9 a.m. ET Innovation doesn’t rely on your IT budget (LinkedIn | YouTube)
• May 23 at 1 p.m. ET The automation moment — and beyond (LinkedIn | YouTube)
• May 24 at 9 a.m. ET Optimize to innovate at scale (LinkedIn | YouTube)

Catch up on select event highlights and explore a collection of additional new online sessions for free on the Red Hat Summit virtual content hub.

Cohesity today announced at Catalyst, the company’s three-day virtual summit, expansion and rapid innovation with the Data Security Alliance. 

Cohesity added new members to the alliance including Netskope, ServiceNow, and Zscaler. The company delivered new integrations with CrowdStrike, ServiceNow, and announced an updated integration with Tenable. The alliance, announced in November 2022, also includes BigID, Cisco, CyberArk, Mandiant, Okta, Palo Alto Networks, PwC UK, Qualys, Securonix, and Splunk.

The Data Security Alliance offers a unique and comprehensive approach to security. Through this one-of-a-kind alliance, leading cyber security, data security and management, and services vendors partner to seamlessly bridge enterprise IT and security by sharing context and enabling new workflows. This collaboration can help customers detect threats and respond to attacks faster, improve remediation, and advance cyber resilience -- all while utilising their existing security and data management investments. 

This type of alliance is in high demand by enterprises globally. In a soon-to-be-released global research study commissioned by Cohesity, with partners BigID and Tenable, 87% of the more than 3,000 IT and security respondents polled believe that in order to help win the war against ransomware, it is important that data security and management and cyber security companies team to provide complete and integrated anti-ransomware solutions.* 

The following are new Data Security Alliance partners:

• Netskope: Cohesity and Netskope will provide enhanced data protection to tackle the challenges of double-extortion ransomware attacks. Cohesity’s zero-trust protection of immutable backup data helps ensure data is available for recovery if production data is encrypted. When coupled with instant mass restore, organisations will be able to recover from ransomware attacks in hours versus days. Netskope's Intelligent Security Service Edge (SSE) platform, with its Zero Trust Engine, provides AI-powered visibility and control of sensitive data across web, SaaS, and private apps. Enterprises can reduce the attack surface by applying zero-trust principles to unmanaged networks and protect all traffic through real-time data and threat protection. Through this integration, enterprises can thwart data exfiltration by ransomware attacks that can expose customer, employee, and partner data, as well as intellectual property, for extortion purposes.

• ServiceNow: ServiceNow® Security Operations (SecOps) brings incident data from the Cohesity Data Cloud into a structured response engine that uses intelligent workflows, automation, and a deep connection with IT to prioritise and resolve threats based on the impact they pose to organisations.

• Zscaler: Data protection is top of mind for customers to protect. Cohesity integration with Zscaler provides customers with industry-leading Zero Trust security in the world's most deployed cloud data protection solution. Cohesity will classify backup data and share information about sensitive files with Zscaler. Zscaler's data protection platform not only fortifies cloud-based communication channels but also incorporates functionalities such as automated data discovery powered by AI and machine learning (ML), as well as seamless deployment requiring no manual configuration. These capabilities enable precise enforcement of outbound traffic policies, aligning them effectively with customer data protection guidelines. Furthermore, the integrated workflow optimises the allocation of security team resources while actively shaping user behaviour pertaining to the handling of sensitive data.

“With the addition of new security partners Netskope, ServiceNow, and Zscaler and our growing portfolio of security integrations, we have one of the most robust data security ecosystem in the industry to help fight the threat of attacks,” said Sanjay Poonen, CEO and president, Cohesity. “Today’s increasingly sophisticated cyber threats cannot be solved by one vendor alone. It takes an integrated network of cyber security, data security and management, and services experts to thwart the persistence of bad actors. We’re excited to be fulfilling our vision via new and expanded integrations with our valued partners and look forward to working together to help enterprises win the war against cyber threats.”

The following are new or advanced integrations with Data Security Alliance members to increase the speed and efficiency of threat detection.

• CrowdStrike: Integration with Cohesity provides closed-loop detection and response for attacks directly within the CrowdStrike Falcon platform. Customers obtain enriched visibility in their CrowdStrike Falcon LogScale dashboard – the platform’s modern observability and log management offering – with insights from Cohesity, allowing fast correlation, investigation, and response to incidents in one location.

• ServiceNow: ServiceNow® Security Operations provides closed-loop detection and response for ransomware attacks via SOAR integration adding to the existing capability to create workflows through their IT service management (ITSM) solution. This allows teams to rapidly access and address threats based on the potential impact to the business.

• Tenable: Cohesity is pleased to launch a new, re-architected integration with Tenable, that powers our marketplace app CyberScan. The updated Tenable integration provides improved scalability to meet the demands of growing workloads so that snapshots can be scanned rapidly and support demanding SLA and RTO requirements. The improved scalability also improves vulnerability scanning used proactively, as part of cyber resilience best practices.

“CrowdStrike’s modern, scalable observability and log management solution is an ideal complement to Cohesity’s exceptional data management capabilities. Together, we help customers rapidly advance cyber resilience within their organisations,” said Daniel Bernard, chief business officer at CrowdStrike. “With the increasing sophistication of cyberattacks, powerful integrations help defeat the bad guys and offer customers the most comprehensive and advanced approaches to protecting their people, organisations, and data.”

“We welcome the opportunity to innovate with Cohesity to help our customers strengthen their cyber resilience and contribute to the momentum of Cohesity’s Data Security Alliance,” said Ray Komar, vice president of technical alliances, Tenable. “We're excited to support the newly re-architected integration of marketplace app CyberScan powered by Tenable, which provides greater scalability so large workloads can be scanned more efficiently and rapidly. Proactive, rapid vulnerability scanning is a critical part of cyber resilience best practices”

“Improved collaboration between data management and security providers, and tighter integration of their respective services, is critical in meeting the threat of ever more sophisticated cyberattacks such as ransomware,” said Johnny Yu, research manager, Storage and Computing, IDC. “Cohesity has shown strong momentum in adding key security providers to its alliance and making more integrations available to customers to help defend against cybercrime.”

Rapid Enterprise, a division of Rapid Finance delivering Lending-as-a-Service (LaaS) solutions to support enterprise clients, announced today the commercial availability of its award-winning, AI-powered fraud detection platform, Lynx, allowing financial institutions to leverage their data better and gain insights to generate 360-degree views of their customers.

Data has become a critical asset for banks and truly knowing the customer, both individually and as a business, is key for any institution. Built with a modular, cloud-native, API-based design, Lynx quickly and easily integrates with enterprise partners’ existing systems and workflows, equipping enterprises with data enrichments and verifications; related application identification; insights and alert indicators to drive efficient and intelligent decisioning. Designed to standardize disparate datasets, Lynx’s proprietary pattern-matching-AI algorithms identify related records and instantly makes them available to users in any system through real-time API calls. The Lynx API also provides optional data enrichments through third^-party data integrations to facilitate KYC/KYB and fraud checks within a single call.

A proven marketplace solution, Rapid Finance has successfully leveraged Lynx within the company’s lending business for seven years, as well as by the U.S. Small Business Administration (SBA) in the execution of COVID-19 EIDL programs that provided more than 10 million loans and grants, totaling almost $400 billion. As a result, Rapid Finance was awarded recognitions from both Fintech Futures and the Fintech Breakthrough Awards for Lynx’s performance for its users.

Lynx is available alongside Rapid Enterprise’s true, end-to-end digital loan origination system (LOS), Decisioneer, as components of Rapid Enterprise’s proven LaaS solution set that supports lending operations across acquisition, origination and servicing.

“We’re excited to share Lynx as a commercially available product, allowing enterprises to leverage their data better while tapping Lynx AI to manage their customer interactions in a more efficient and effective manner,” said Will Tumulty, CEO, Rapid Finance. “As lenders ourselves, and through our work with the SBA, we understand the importance of providing a frictionless experience to customers while minimizing fraud. Our team uses Lynx extensively, including managing our enterprise clients through collections and recovery practices, to unlock the power of data and achieve the highest collections rates in our space – and we are confident that the commercial availability of Lynx will help more FIs harness their data to better support their customers and financial programs.”

Red Hat, Inc., the world's leading provider of open source solutions, today announced that Banco Galicia, one of the largest Argentinian private-sector commercial banks, used Red Hat technologies to build an AI-based platform that improves data analysis and processing and reduces the verification time for new corporate clients. Working with Red Hat Consulting, Banco Galicia leveraged Red Hat OpenShift, Red Hat Integration and other Red Hat hybrid cloud technologies to build a natural language processing (NLP) platform that has transformed its customer onboarding process to be fully digital, transparent and self-managed.

As one of Argentina’s leading private banks, Banco Galicia serves 3 million personal banking customers and 150,000 businesses of all sizes and across all sectors. Its services span everything from financing, to billing and payments, and investments. Banco Galicia wanted to become the most customer-focused bank in its financial market and the fastest to verify corporate clients, setting the goal to reduce verification time for corporate clients from three weeks to one week.

Before opening a corporate account at Banco Galicia, clients have to go through its Official Acceptance of Credentials (OAC) process to determine whether they can perform financial transactions with the bank. This process required the client to physically submit a series of legal documents containing corporate and accounting information at a branch where it is digitized and subsequently evaluated by the bank’s legal and anti-money laundering department. It took approximately 20 days to authorize the registration of a new account or update an existing client’s account information. Banco Galicia turned to Red Hat Consulting to help them create a platform that reduces the time OAC required for analysis, validation and verification.

With the help of Red Hat Consulting, Banco Galicia built a fully digital, NLP platform that uses API-based models deployed in containers to optimize inference processing and subsequent re-training, enabling the models to be available for future banking projects. Red Hat OpenShift provides a highly reliable and available foundation for cloud-native application development and Red Hat 3scale API Management exposes the bank’s core services to different ecosystems, like its customer system. The bank also uses Red Hat Fuse, Red Hat AMQ and Red Hat Data Grid to integrate the new platform with internal workloads not running on the cloud.

With analyzing documents practically a real-time process, new corporate clients can now open and start using their account in minutes, while continuing to meet the bank’s compliance obligation to avoid and detect fraud. By automating its verification process, Banco Galicia has not only cut verification times from days to minutes with 90% accuracy, but also decreased application downtime by 40% and improved agility fourfold.
 
The intelligent NLP platform gives Banco Galicia the freedom and potential for growth, as it now owns the knowledge and data for training algorithms. Banco Galicia plans to extend the capabilities of the NLP platform to improve other processes areas of the bank, such as opening international accounts, foreign trade and customer support.

Supporting Quotes

Richard Harmon, vice president, Global Financial Services Industry, Red Hat
“The value of artificial intelligence in banking continues to grow and addressing regulatory requirements remains a top priority. Using Red Hat technologies to build artificial intelligence solutions enables banks to more efficiently and accurately provide digital services for its customers while helping them identify threats and detect fraud.”

Joy Erico, chief information officer, Banco Galicia
“Red Hat has enabled us to provide a faster and simpler customer experience for our corporate clients.  With the NLP platform analyzing documents practically in real-time, they can open and start using their account in just a few minutes instead of having to wait weeks.”

Red Hat Summit
To watch the Red Hat Summit keynotes virtually, tune in at the following times. The livestream will be available on Red Hat's Twitter, LinkedIn, and YouTube accounts. Choose your viewing preference and hear the latest from Red Hat executives, customers, and partners.

• May 23 at 9 a.m. ET Innovation doesn’t rely on your IT budget (LinkedIn | YouTube)
• May 23 at 1 p.m. ET The automation moment — and beyond (LinkedIn | YouTube)
• May 24 at 9 a.m. ET Optimize to innovate at scale (LinkedIn | YouTube)

Catch up on select event highlights and explore a collection of additional new online sessions for free on the Red Hat Summit virtual content hub.

Kuwait International Bank (KIB) takes the lead worldwide as the first commercial launch of biometric payment cards based on Zwipe’s platform. This innovative card will be offered to the elite VIP clients of the bank under the Visa Infinite Black product.

KIB is a public quoted bank operating since 1973 with around 20 branches across the country. The bank is amongst the fastest growing in Kuwait and always strives to provide innovative financial solutions that best serve its clients’ needs. 

As part of this collaboration, Zwipe will deliver its Zwipe Pay solution for biometric payment cards, approved by VISA. This is the result of many years of developments and pilots conducted across several geographies. The cards will be produced by Inkript, one of Zwipe’s partners in the region. 

According to Deema Al Mulaifi, Assistant General Manager of Operations at KIB, “KIB prides itself as a progressive Islamic bank that continues to offer its customers a unique banking experience enhanced by additional convenience and security. We are pleased to announce that our Black Banking segment customers can now enjoy innovative technology through the new biometric card, which is designed to provide convenience and ease of access with a high level of security against fraud attempts. The ability to continue delivering on-demand, tailored and innovative products and services to our customers is a unique mark that distinguishes KIB from others.”

“The biometric card feature has the potential to provide our customers with a new method that adds value to their lifestyle as they can request the Visa Infinite card and activate the fingerprint to make POS transactions with great ease. In addition to this secure and simple payment solution, which is in line with the Bank’s new authentication system, the Bank’s Black Banking segment customers enjoy a range of other premium banking benefits and exclusive rewards,” added Al Mulaifi.

Speaking on this partnership, Shashank Singh, Vice President and General Manager for Kuwait and Qatar at VISA said, “Visa is committed to developing and investing in emerging capabilities such as biometrics for the benefit of consumers. That’s why we’re delighted to partner with Kuwait International Bank and Zwipe in bringing this innovative biometric card to consumers in Kuwait who can now enjoy a seamless, secure payment experience.”

Ramzi Saboury, General Manager for the MEA Region at Zwipe said, “We are proud and honored that the latest generation of biometric cards based on Zwipe’s solution has launched in Kuwait by KIB, which is taking the lead globally with this initiative. We appreciate the trust placed in Zwipe Pay by KIB, helping it to reach this milestone. Visa has also been a key player and partner throughout this process. Zwipe Pay is providing the best user experience from enrolment to payment, ensuring high levels of security while protecting biometric data privacy.”

Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, today announced a $48 million Series C financing led by Avenir, a growth-stage investment firm focused on category-defining, tech-enabled companies. The round also included additional participation by existing investor,  Anthos Capital, a consumer and technology investment firm.

This investment will be used to expand E6’s go-to-market efforts, build on its global market leadership, and scale its business as the company continues to drive modernization journeys for banks and companies that operate within the payments space. Already proven among Top 50 global banks, E6’s platform, TRITIUM®, allows businesses to quickly deliver industry-leading payments solutions with the flexibility to adapt in real time – a crucial capability given rapid shifts in consumer demand.

“The burden of relying on legacy technology continues to present challenges, especially at a time when innovation is key to winning and retaining customers. This, paired with the rising cost of operating legacy technology, is the reason we are seeing a significant increase in interest in our solution,” said E6 co-founder and CEO John Mitchell. “The demand for the shift to modern payments technology presents a substantial opportunity for us, and we’re pleased that Avenir and Anthos Capital share our vision. We’ll lean into their investment to bolster our presence in global financial markets, putting us in a position to help banks and other companies modernize their payments infrastructure and remain competitive.”

“E6 has built an adaptable and resilient platform that helps bring banks and other companies in the payments space into the future by providing a streamlined path to modernization,” said Jamie Reynolds, Avenir co-founder. “This technology, combined      with the team’s expertise in the global financial landscape, makes us excited to see the company further establish its position as a leader in the payments industry.”

E6 operates globally across 38 countries with an expanding team located in the U.S., UK, Japan, Singapore, Hong Kong and Australia. 

Today, Rego Payment Architectures, Inc. (“REGO”) announced the release of "The Rise of Family Digital Wallets: Unlocking Opportunities for Banks and Credit Unions,” a new research report from Cornerstone Advisors. 

“Family digital wallets” provide children with a digital-first approach to banking with features and functionality that allow their parents to monitor and control their behaviour. The report explores how family digital wallets can help financial institutions address the needs of underserved banking generations. 

According to the report, there are roughly 53.4 million children between the ages of five and 17 in the United States, representing roughly 16% of the population. This group includes Generation Z (born 1995-2009) and Generation Alpha (born after 2009), and accounts for more than $360 billion total in disposable income from allowances, “side hustles,” and part-time jobs.

Though the opportunity to capture the next wave of financially active customers is growing, few financial institutions have developed child-centric banking apps or family digital wallets either on their own or by partnering with third-party companies, the report observes. These solutions can offer kids a sense of financial freedom and education while letting parents easily track and control spending.

“Many banks and credit unions are finding it challenging to attract younger customers with their existing products, and this can have an impact on both their consumer and business relationships,” said Tristan Green, director at Cornerstone Advisors and author of the report. “The viable methods that the report discusses can enable financial institutions to establish stronger relationships with these younger customers and position both the customers and the institutions for long-term success."

The report presents multiple ways financial institutions can integrate digital wallets into their strategies to establish stronger relationships with younger customers and addresses system implementation, deployment and compliance considerations.

“Banks and credit unions can not only tap into the $360 billion purchasing power of these younger generations but do so in a way that adheres to a tighter regulatory environment that lets parents stay in control,” said Peter S. Pelullo, CEO of REGO, a white-label family digital wallet platform provider for financial institutions. “Financial institutions have a unique opportunity to provide a generational banking experience that meets the needs of tech-savvy Gen Z and Gen Alpha customers.”

To learn more about the research and uncover the opportunities for financial institutions to reach younger consumers, download the report and register for the upcoming webinar on June 27, 2023, hosted by American Banker.

Cohesity, a leader in data security and management, announced today at its three-day Cohesity Catalyst virtual conference an expanded partnership with Google Cloud to help organisations unlock the power of generative AI and data. In addition, Cohesity unveiled Cohesity Turing, a unique, comprehensive, and rapidly evolving set of AI technologies that brings the power of AI to data security and management. The expanded partnership with Google Cloud, along with Cohesity Turing, will enable organisations to leverage their entire data estate through a single, secure workflow across on-premises, multicloud, and edge environments.  

For years, Cohesity and Google Cloud have provided joint customers with a simple yet robust enterprise-grade solution for backup and recovery of applications. Building on other recent announcements, Cohesity is continuing to extend its AI-ready data security and management platform -- Cohesity Data Cloud -- to work closely and have deeper integrations with leading cloud services, including Vertex AI, Google Cloud’s fully managed ML (machine learning) platform designed to help companies to accelerate the deployment of ML and AI models.

The combination of Cohesity's data security and management capabilities and Vertex AI will enable joint customers to gain new insights into the same data they’re already securing and managing on Cohesity’s platform. Through this integration, customers could, for instance, quickly search across exabytes of data to gain insights into data patterns, like finding anomalies in their data to detect threats, or find answers to very specific questions, or quickly recover data using contextual searches.

“Vertex AI is one of the best platforms for building, deploying, managing and scaling ML models - and we’re excited that Cohesity is joining our growing open ecosystem to help more customers get value from their data via AI,” said Thomas Kurian, CEO, Google Cloud. “Cohesity’s excellent data security and management capabilities, combined with Google Cloud’s powerful generative AI and analytics capabilities, will help customers get exceptional insights into their backup and archived data.”

“To apply generative AI transformatively, businesses need to be able to easily get rapid insights from their data utilising cutting-edge and leading AI/ML models. We are excited to be leading the charge in generative AI in the data security and management industry, as we build out next-gen generative AI solutions for our category,” said Sanjay Poonen, CEO and president, Cohesity. “We also agree with Google that AI must be handled securely and responsibly. With our unique platform, Cohesity not only provides phenomenal search via our built-in indexing capabilities, but robust security protocols to help customers maintain control and privacy of their data at every turn.”

Creating Unprecedented Efficiency and Insights Via Cohesity Turing

To address the rapidly evolving needs customers have with AI and data, Cohesity is introducing Cohesity Turing, a collection of AI/ML capabilities and technologies that are integrated into its multicloud data platform and solutions. As new AI needs emerge, Cohesity will continue to advance the portfolio of technologies offered and powered by Cohesity Turing, while enabling customers to use AI responsibly and securely.

Through Cohesity Turing, organisations can and will be able to utilise the latest AI capabilities to drive more efficient operations, garner greater insight into security risks, and derive more value from data. A sampling of AI/ML capabilities powered by Cohesity Turing include:

• Ransomware anomaly detection: Uses advanced modelling and advanced data entropy detection to “see” anomalies in data ingested, which can provide early warnings of a hidden threat with data under protection.
• Threat intelligence: Provides highly curated and managed threat feeds used in conjunction with machine learning models trained on millions of samples to accurately detect threats and keep organisations up-to-date automatically.
• Data classification: Helps ensure that organisations can identify their most sensitive data and where that data is located.
• Predictive capacity planning: Enables customers to meet current and future business SLAs with machine-driven recommendations, including a what-if simulator and forecasting capacity utilisation based on previous capacity utilisation.

In addition, in the near future, customers will be able to turn to Cohesity Turing to derive even more insights from their data via the Retrieval Augmented Generation (RAG) AI model workflows. Cohesity believes RAG technologies can help customers get deeper insights and discovery from data or quickly find content in petabytes of data. Cohesity has multiple patents pending in this area.

Advancing Technology that Was Tailor-Made for AI From Day One

Cohesity Data Cloud - built on a unique distributed file system for the multicloud -was designed for massive scale and to empower customers to easily manage and secure their data across on-premises, cloud, and edge environments. Customers can utilise this same modern platform for AI, deriving benefits from Large Language Models (LLM) and Natural Language Processing (NLP), while also maintaining control of the data. Via this platform, customers will be able to:

• Search for data simply and quickly using everyday language: Backup data from Cohesity is indexed and contains the specific metadata that makes utilising that data in LLM possible. The LLM can draw upon rich Cohesity context to provide more informed, human-readable and actionable responses.
• Maintain strict security protocols and manage AI responsibly: Through Cohesity’s comprehensive, built-in role-based access controls, only the right people have access to data based on privileges specified by the customer. Customers can also control what data can be accessed by these AI models.

“Cohesity’s data security and management solutions have long incorporated AI and ML capabilities, and with the introduction of Cohesity Turing, Cohesity is taking a unique approach to seamless integration of customer data with responsible AI and governance, ultimately helping organisations to build trust around integrating and leveraging AI with their data,” said Christophe Bertrand, Practice Director, Enterprise Strategy Group (ESG). “And while there is a lot of hype around AI, Cohesity is introducing a pragmatic approach to bring the power of AI to an expanded number of use cases.”

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced a strategic partnership with Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights, to build an integration into nCino’s Consumer Banking Solution. The integration will enable lenders with streamlined access to cutting-edge consumer credit lending insights to help make efficient, accurate decisions about borrower risk.

Quickly evolving economic conditions require lenders to keep pace with new data, regulatory standards of reporting and underwriting workflows. Lenders have, on average, automated over 50 per cent of their underwriting process with Zest AI’s technology, analyzing hundreds of data points in seconds to better determine lending decision outcomes. Through this partnership, lenders gain the ability to quickly respond to shifts in market conditions. This capability helps upkeep borrower risk accuracy and enables lenders to be agile and responsive during fluctuations in the economic cycle.

“The financial services industry is in a new phase of growth as modern technology becomes more accessible to lenders through partnerships like our own with nCino. The future of lending relies on optimizing how we determine an applicant’s credit risk so lenders can give them a faster decision and move them into the next stage of the banking process,” said Zest AI’s Head of Corporate Development, José Valentín.

“Artificial intelligence has the potential to help financial institutions cross the modernization divide by powering more efficient, automated and personalized experiences,” said Justin Norwood, Vice President – Data and AI at nCino. “We’re excited about this partnership with Zest AI and look forward to bolstering our already best-in-class underwriting technology with intelligence that helps financial institutions utilize data for faster and improved decisions.”

This partnership integration spans three consumer portfolios — auto loans, personal loans and credit cards. Zest AI’s connectivity within nCino’s Consumer Banking Solution allows lenders to choose AI-automated underwriting for their portfolios, enabling efficient lending decisions without needing massive IT modernization projects.

As part of the partnership, nCino previously participated in a funding round supporting Zest AI’s ability to expand access to AI-automated credit underwriting for all lenders as more financial institutions look to adopt AI tools to make better credit decisions.