As part of its Accelerator Program, global investment firm BNY Mellon is exploring opportunities in intelligent automation to leverage the value of next-generation data processing solutions, and as such is newly collaborating with Intelligent Document Processing provider AYR.
AYR, an Intelligent Document Processing (IDP) provider, announced December 13 that it has been selected for BNY Mellon’s Accelerator Program. The program identifies the best emerging technology companies and collaborates with them to develop innovative solutions that address the new business challenges facing the global financial industry.
Created to foster innovation and collaboration with the fintech ecosystem, the Accelerator Program provides a streamlined process for testing and validating new technologies and their use cases. Using a proof-of-concept-based approach, participants focus on real-world business problems with the goal of meeting the evolving needs of BNY Mellon’s clients.
Tianhau Wu, Co-founder and Chief Technology Officer at AYR, said: “The AYR team is honored to be a part of the BNY Mellon Accelerator Program. We are working on solving customer challenges previously considered out of reach. With a focus on the innovations from next-generation solutions, we continue to experience a growth in customer interest in the Intelligent Document Processing and automation markets.”
Matt Wells, Managing Director, Global Payments, Markets, Issuer Services, and Treasury Services Operation at BNY Mellon, said: “Across our enterprise, unlocking value from data is an essential component in the products and services we deliver to our clients across the financial economy. We look forward to working with companies like AYR as we explore opportunities for intelligent automation to harness the value from next-gen document and data processing solutions, giving time back to the workforce and improving client satisfaction.”
Princeton, New Jersey-based AYR (formerly Singularity Systems) offers an Intelligent Document Processing solution through its SingularityAI platform. The platform helps enterprizes transform unstructured data into actionable insights that enable real-time decision making and drive improvements in customer experience and operational agility.
The full press release can be found here.
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