Data discovery and financial outcomes: Mott MacDonald and iKVA
One of the biggest challenges facing organisations today is the volume of information being created on a daily basis, in different formats and repositories. Accessing, and using, the data to make efficient business decisions is essential and iKVA’s solution uses vector mapping technology to index highly unstructured data from multiple systems, in multiple formats, and […]
Shaping the future of investment: Mott MacDonald and iKVA
How can we seek out the new technology that will address the changing demands in infrastructure? This was the question that global engineering, management and development consultancy Mott MacDonald Ventures asked when it partnered with iKVA to create the infrastructure industry’s first ever AI web-tool. Since 2021, Mott MacDonald Ventures has used iKVA’s AI-powered solution to […]
Artificial Intelligence and Machine Learning: preventing financial fraud
Data from UK Finance shows that a total of £753.9 million was lost through fraudulent activity in the first half of 2021 alone, an increase of 30% compared to the same period in 2020. Fraud represents a real hazard for the financial sector and has only escalated during the pandemic as criminals have sought to […]
iKVA’s Founder on AI and Fraud Detection for Finance Derivative
Money laundering costs the UK economy £24bn each year, according to The National Crime Agency, whilst the UN estimates that up to $2tn is moved illegally each year via large, multinational banks. The surge in financial crime, triggered by the pandemic, has huge implications for the finance industry, as areas such as Anti-Money Laundering (AML) come under […]