Empyrean Solutions is expanding its business in Cork through a new R&D project based on Lavitt's Quay. The project will deliver solutions that measure financial risk and provide insights using AI and machine-learning techniques. It will focus on financial performance across multiple risk disciplines, including financial planning, credit loss estimation, loan behaviour analysis, and finance persona-based insights. The resulting capabilities will be integrated into the Empyrean platform used by banks and credit unions. The project is supported by IDA Ireland and the Irish government, and the company plans to increase its workforce to 40 this year. Empyrean Ireland began operations in 2018 and has scaled team size and software development projects in parallel.
"Empyrean Solutions announced its new Research and Development (R&D) project aiming to deliver solutions that measure financial risk and provide insights through AI and machine-learning techniques from its location on Lavitt's Quay in Cork city."
"Additionally, the Cork project aims to provide insight into financial performance across several risk disciplines including financial planning, credit loss estimation, loan behaviour analysis, and finance persona-based insights."
"These advancements will be integrated into the Empyrean platform for banks and credit unions."
"By combining advanced AI and machine learning with our financial risk and performance platform, we're equipping finance leaders with the tools they need to operate with greater insight and confidence in an increasingly complex regulatory environment."
#financial-risk-management #ai-and-machine-learning #banking-analytics #credit-loss-estimation #ireland-rd
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]