Meet Taktile, a new startup that is working on a machine learning platform for financial services companies. This isn’t the first company that wants to leverage machine learning for financial products. But Taktile wants to differentiate itself from competitors by making it way easier to get started and switch to AI-powered models.
A few years ago, when you could read ‘machine learning’ and ‘artificial intelligence’ in every single pitch deck, some startups chose to focus on the financial industry in particular. It makes sense as banks and insurance companies gather a ton of data and know a lot of information about their customers. They could use that data to train new models and roll out machine learning applications.
New fintech companies put together their own in-house data science team and started working on machine learning for their own products. Companies like Younited Credit and October use predictive risk tools to make better lending decisions. They have developed their own models and they can see that their models work well when they run them on past data.
Continue reading: https://techcrunch.com/2021/08/25/taktile-makes-it-easier-to-leverage-machine-learning-in-the-financial-industry/
A few years ago, when you could read ‘machine learning’ and ‘artificial intelligence’ in every single pitch deck, some startups chose to focus on the financial industry in particular. It makes sense as banks and insurance companies gather a ton of data and know a lot of information about their customers. They could use that data to train new models and roll out machine learning applications.
New fintech companies put together their own in-house data science team and started working on machine learning for their own products. Companies like Younited Credit and October use predictive risk tools to make better lending decisions. They have developed their own models and they can see that their models work well when they run them on past data.
Continue reading: https://techcrunch.com/2021/08/25/taktile-makes-it-easier-to-leverage-machine-learning-in-the-financial-industry/
