The #AIEye: #AI-Startup Cowbell Cyber Partners with FICO (NYSE: $FICO) and NICE (NasdaqGS: $NICE) Actimize to Acquire Guardian Analytics
Global AI Market to Reach $40.74 Billion in 2020 – Driven by COVID-Related Demand
Point Roberts WA, Vancouver BC – June 4, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal tracker and advancements in artificial intelligence.
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Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/06041AIEye-FICO-NICE.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:FICO) (NasdaqGS:NICE)
AI-powered cyber insurance startup Cowbell Cyber has partnered with Fair Isaac Corporation (NYSE:FICO) to “add the FICO Cyber Risk Score to Cowbell Cyber's multivariate risk rating factors, Cowbell Factors.” This will enable “cyber insurance agents to expedite the delivery of standalone cyber policies tailored to the unique coverage needs of all SMBs.” Julie May, Vice President of Cybersecurity Solutions at FICO, said:
"FICO's Cyber Risk Score provides underwriting teams with a clear and accurate measure of the cyber risk of an organization. We are excited to strategically partner with Cowbell Cyber and its team to deliver a differentiated cyber offering to the SMB marketplace."
NICE Actimize, the Autonomous Financial Crime Management subsidiary of NICE Ltd. (NasdaqGS:NICE), has entered a definitive agreement to acquire AI cloud-based financial crime risk management solution provider Guardian Analytics. Craig Costigan, NICE Actimize CEO, explained:
"Today, NICE Actimize is taking a significant step forward in advancing the future of managing financial crime risk. With criminals seeking to exploit the current environment, we need to make sure financial institutions and consumers are protected in a way that’s cost-effective and intuitive. The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth. I am excited to embark on this journey in advancing the industry’s fight against financial crime."
Global AI Market to Reach $40.74 Billion in 2020 – Driven by COVID-Related Demand
A report published by Research and Markets finds that the global AI market will grow from $28.42 billion in 2019 to $40.74 billion in 2020 with a compound annual growth rate (CAGR) of 43.39 percent. According to the report’s summary: “the growth is mainly due to the COVID-19 health emergency across the globe that has led to a new wave of transformative technologies including the revolutionary artificial intelligence technology (for example - smart machines and robots) emerging as a possible solution to contain the epidemic. The market is then expected to recover and reach $99.94 billion in 2023 at CAGR of 34.86%.”
Sam Mowers, Investorideas.com
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