ET Rise
12,129.5073.7
Stock Analysis, IPO, Mutual Funds, Bonds & More

Mphasis partners with Quantel AI to build AI-based risk management technology

The partnership agreement enables Mphasis to build, sell, implement and support joint solutions based on Quantel AI's anomaly detection engine.

ET Bureau|
Last Updated: Dec 03, 2019, 02.17 PM IST|Original: Dec 03, 2019, 02.17 PM IST
0Comments
ThinkStock Photos
ThinkstockPhotos-499152762
Quantel AI was started in 2018 and headquartered in New York. It’s flagship product is called EagleAI, an autonomous anomaly detection engine.
MUMBAI: Information Technology solutions provider Mphasis announced its partnership with Quantel AI, Inc, a startup focused on building products for risk management in enterprises. Mphasis will collaborate with Quantel AI to build solutions for their clients across multiple industries.

“Mphasis is pleased to induct Quantel AI into our Sparkle Innovation Ecosystem to offer Innovation-as-a-Service to our clients by leveraging Quantel AI’s unique IP. The distinctive anomaly detection engine capabilities have relevancy and immediacy,” said Dinesh Venugopal, President, Mphasis Direct and Digital.

Quantel AI was started in 2018 and headquartered in New York. It’s flagship product is called EagleAI™, an autonomous anomaly detection engine. According to the company, the engine adapts itself to changing patterns in business activity due to changes in trends, market conditions, etc. to alert personnel on critical issues.

The partnership agreement enables Mphasis to build, sell, implement and support joint solutions based on Quantel AI's anomaly detection engine.

“With increasing volumes of micro-transactions from digital channels, streams of data from IoT devices and increasing volumes of algorithmic trading, there is a dire need for the control and monitoring overlay that EagleAI can bring to these ecosystems,” said Venugopal.

Shyam Sreenivasan, Founder, and CEO of Quantel AI said "We are delighted to partner and co-innovate with Mphasis to build focused solutions for their clients. We look forward to leveraging their deep industry and domain expertise, extensive enterprise experience, innovation best practices and centers of excellence to deploy EagleAI as an integral part of their solutions across various market verticals."

Shares of Mphasis were trading 2.99% lower on the NSE on Tuesday at Rs 845.

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service