Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, September 16 2021 - 10:00
AsiaNet
Fintica AI completes financial market manipulation detection pilot for Israel Securities Authority
TEL AVIV, Israel, Sept. 16, 2021 /PRNewswire-AsiaNet/ --

Israeli fintech artificial intelligence start-up, Fintica AI, Ltd., today 
announced the successful completion of a data analysis technology pilot for the 
Israel Securities Authority (ISA). The pilot was undertaken as part of the data 
sandbox program, a joint venture of the ISA together with the Innovation 
Authority and the Tel Aviv Stock Exchange. 

Fintica AI is an Israeli fintech and deeptech company, which has developed 
disruptive autonomous artificial intelligence technology focused on the 
financial industry. The company's products utilize self-learning and machine 
learning methodologies to comb through massive financial time series data to 
analyse and identify patterns on a wide scale. This enables a new breed of 
sharp and accurate market surveillance abilities, capable of identifying 
anomalies and fraud detection, as well as offering risk protection and market 
event classification. 

During the seven month pilot in cooperation with the ISA and the IIA, the 
application of Fintica AI's technology was aimed at leveraging ISA's 
capabilities with cutting edge AI forensic tools in order to further develop 
advanced Israeli-made technologies for the financial sector. 

"Effective market surveillance technology is still a major issue in capital 
markets," said Philippe Metoudi CEO of Fintica AI. "Around the world, 
surveillance teams at stock exchanges are using monitoring systems that are 
still generating a high level of false positive alerts thus requiring 
substantial manual intervention. Fintica AI aims to drastically reduce this 
false positive rate allowing for the team's attention to be focused on the most 
suspicious transactions and worthwhile areas." 

About Fintiaca AI Ltd.
Fintica AI is an Israeli Fintech & Deeptech company that is building next 
generation Autonomous AI for Capital Markets.

The firm improves data anomaly detection and enhances predictive analytics for 
Markets Infrastructure and develops unique AI-based investment & risk 
decision-support tools and associated intelligent market data feeds for 
Investment Managers and Global Data Vendors.

The company is headquartered in Tel Aviv with presence in Zurich, Hong Kong and 
New York  

To learn more visit: www.fintica-ai.com or email: enquiry@fintica-ai.com

Source: Fintica AI, Ltd.
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