Mphasis collaborates with Quantel AI to enable EagleAI
Mphasis has announced its partnership with Quantel AI, Inc, a tech startup focused on building niche products for risk management across various industry verticals. Under the agreement, Mphasis will induct Quantel AI into Sparkle Innovation Ecosystem – a global innovation program that’s designed to help deliver ‘Innovation-as-a-Service’ to its clients. Mphasis will collaborate with Quantel AI to build contextual solutions for their clients across multiple industries.
EagleAI is a fully autonomous anomaly detection engine that can be added to enterprises' current environments without disrupting existing business workflows. EagleAI watches data flows in real-time learns patterns and builds AI models to detect any anomalies against expected behavior. EagleAI adapts itself to changing patterns in business activity due to changes in trends, market conditions, etc. and ensures risk managers are instantaneously alerted on critical issues. EagleAI can augment existing risk mitigation tools while providing broader coverage and autonomous detection capabilities that need virtually no human intervention.
Dinesh Venugopal, President, Mphasis Direct and Digital, says, “Mphasis is pleased to induct QuantelAI into our Sparkle Innovation Ecosystem to offer Innovation-as-a-Service to our clients by leveraging Quantel AI’s unique IP. The distinctive anomaly detection engine capabilities have relevancy and immediacy. With increasing volumes of micro-transactions from digital channels, streams of data from IoT devices and increasing volumes of algorithmic trading, there is a dire need for the control and monitoring overlay that EagleAI can bring to these ecosystems. Our experienced integration team is working closely with QuantelAI to leverage our data and NextGen application development accelerators to reduce the effort to quickly integrate EagleAI into enterprises and building confidence in the compliance controls that the platform provides.”
Shyam Sreenivasan, Founder, and CEO of Quantel AI, says, "We are delighted to partner and co-innovate with Mphasis to build focused solutions for their clients. We look forward to leveraging their deep industry and domain expertise, extensive enterprise experience, innovation best practices and centers of excellence to deploy EagleAI as an integral part of their solutions across various market verticals. Traditional approaches using rules-based engines cannot intercept issues that have not been codified. EagleAI, on the contrary, keeps an eagle’s eye on a multitude of patterns that exist in an environment and looks for the proverbial 'needle in a haystack' using advanced AI techniques. Besides, EagleAI provides powerful triangulation capabilities that make identifying root causes easy in addition to providing a larger, broader net to catch anomalies."