Companies don’t often get to define transformational moments as they happen, but that’s exactly the feeling Black Knight executives have after the recent announcement that the company would be buying HeavyWater, a maker of artificial intelligence (AI) and machine learning technology for the financial services industry.
The deal, terms of which were not disclosed, will provide Black Knight with HeavyWater’s AIVA solution, which helps lenders verify income, assets and insurance coverage, traditionally manual activities that take hours to complete and are subject to error.
Executives from both companies sat down with Dodd Frank Update to talk about their vision for an exciting future. Read on for details from the companies.