ACI recognized for the leading application of emerging technology; Anju Joseph receives top honors as Analytics Practitioner of the Ye
ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, picked up two highly-contested awards at the recent Analytics Institute of Ireland Analytics & AI Awards, held in Dublin.
In the Emerging Technology Award category, ACI was recognized for its innovation in using artificial intelligence (AI) to write unit testing scripts autonomously, enhancing and speeding up the development process across ACI’s portfolio of payments and fraud solutions. The project was led by ACI’s Limerick-based Data Science team.
Further demonstrating the strength of ACI’s Data Science team, Anju Joseph was honored with the Analytics Practitioner of the Year award, recognizing her achievements in the field of analytics, which underpins ACI’s patented incremental learning approach to fraud prevention. One of the practical applications of incremental learning, to which her analytics work has contributed, is a fraud scoring platform that ACI customer data shows can enable banks to reduce fraud losses by up to 75 percent. Use of real-time data within the platform improves fraud detection rates, as well as lowering operational costs.
“It takes a team to succeed, and our Data Science team displays passion and innovation on a daily basis,” said Jimmy Hennessy, director – Data Science, ACI Worldwide. “We are able to bring new innovations to market quickly because of the flexibility and trust that ACI has given us when it comes to machine learning and data science; recognition from the Analytics Institute demonstrates that our approach is paying dividends.”