Crealogix purchases AI and machine learning tech from Koemei
Swiss digital banking company Crealogix has bolstered its artificial intelligence (AI) and machine learning capabilities with the acquisition of new technology from Koemei, reports Julie Muhn at Finovate (Banking Technology’s sister company).
Crealogix will leverage Koemei’s technology that uses automated speech recognition (ASR) to convert audio, podcast, and video content into text data, which facilitates cross-media search capabilities.
The platform is scalable for large, multimedia datasets and uses machine learning to analyse and optimise multimedia content. The University of Geneva has used Koemei’s technology to process 5,000+ hours of lectures, integrating the content with user-friendly text document searches.
To suit its business needs, Crealogix is adapting Koemei’s technology to suit the requirements of its customers by offering concept search, content analytics and statistics.
Urs Widmer, CEO of Digital Learning at Crealogix, says the new technology “is helping to secure added value and a competitive edge for our customers”.
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