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Aiimi wins £1.3m information analytics contract with FCA

The UK’s Monetary Conduct Authority (FCA) has signed a contract price £1.3 million with information analytics firm Aiimi.

The FCA contract runs till April 2024

The three-year contract includes the deployment of a platform for information assortment and storage. The FCA first marketed its want for a brand new information discovery engine in Could 2021.

Aiimi says its system will allow FCA employees to carry collectively quite a lot of data sources throughout a number of inner databases in differing codecs.

The seller claims its insights software program is fitted with machine studying algorithms, which may create and arrange alerts for danger parameters.

Aiimi is deploying its methods within the FCA’s cloud setting, and combine with the regulator’s enterprise information platform.

“Organisations are searching for new, higher methods to change into data-driven and take management of their data,” says Steve Salvin, Aiimi CEO.

“Perception engines provide a strong answer to the problem of discovering related, interconnected information and getting instantaneous actionable insights exactly in the mean time you want them”.

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