FRONTEO's "KIBIT Knowledge Probe" introduced to Ashikaga Bank's reception record monitoring

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2023.04.26 Press release

--To the press -

FRONTEO's "KIBIT Knowledge Probe" introduced to Ashikaga Bank's reception record monitoring

First case of collaborative service utilizing Bank of Yokohama's AI model

FRONTEO Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Growth)

 FRONTEO Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereinafter referred to as FRONTEO) has developed its own AI product "KIBIT Knowledge Probe", The Ashikaga Bank, Ltd. (Headquarters: : Utsunomiya City, Tochigi Prefecture, President: Kazuyuki Shimizu, hereinafter Ashikaga Bank) will be used for reception record monitoring, and we will inform you that it will be introduced from April 2023.This is the first introduction example of a collaborative service that provides FRONTEO's AI engine and Bank of Yokohama's AI model as a scheme.

 

 

 At Ashikaga Bank, from the perspective of customer protection, the compliance department has been monitoring the appropriateness of explanations when explaining financial products and the understanding of product and investment risks, etc. regarding customer reception records related to the sale of assets in custody. was doing.On the other hand, manual audits have problems such as variations in judgment standards and delays in discovering problems due to large amounts of data, and partial audits are limited.

 With the introduction of KIBIT Knowledge Probe, it will be possible to unify judgment criteria, improve analysis accuracy, and comprehensively monitor from partial audits to full audits without increasing the workload of the monitoring staff.In addition, the analysis of large amounts of data by AI improves the speed of operations, shortens the time it takes to find inappropriate reception records and provides feedback to sales representatives, leading to prompt customer follow-up and customer service guidance. Expected.These effects will contribute to the provision of high-quality "customer-oriented" services that the bank aims for.

 In the future, we will continue to support Ashikaga Bank's DX promotion and the construction of a management foundation through digital technology and data utilization, such as responding to the addition of audit items, in order to further utilize AI.

 Through the development and provision of AI solutions that have strengths in natural language processing, FRONTEO will contribute to the efficiency and sophistication of normal monitoring and audit operations, compliance compliance, and the prevention and early detection of fraud and scandals.

The impact of this matter alone on the Company's business results for the current fiscal year will be minor.

 

■ About FRONTEO URL:https://www.fronteo.com/
FRONTEO is a data analysis company that provides various AI solutions and services using the in-house developed AI engine "KIBIT". Based on the philosophy of "providing solutions that do not overlook risks and opportunities buried in records and realizing fairness in the information society," extract meaningful and important information from vast amounts of text data and complex networks. Our strengths are natural language processing and network analysis technologies that support the advanced judgment of experts.We are developing businesses in the areas of legal tech AI, business intelligence, life science AI, and economic security, and contributing to solving various corporate and social issues. Founded in August 2003, listed on Tokyo Stock Exchange Mothers (currently Tokyo Stock Exchange Growth) on June 8, 2007.The company operates in Japan, the United States, South Korea, and Taiwan.Acquisition of first-class medical device manufacturing and sales business license, notification of controlled medical device sales business.Capital 6 thousand yen (as of March 26, 3,034,846).

*FRONTEO, KIBIT, and KNOWLEDGE PROBE are registered trademarks of FRONTEO in Japan.

 

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