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RNS Number : 7956Z  Actico GmbH  18 May 2023

Independent Research Firm Confirms: AI Decision Platform of German Software
Vendor ACTICO is 'Strong Performer'

CHICAGO, IL / ACCESSWIRE / May 17, 2023 / Today, independent analyst firm
Forrester Research released The Forrester Wave™: AI Decisioning Platforms,
Q2 2023 (1). Forrester names German vendor ACTICO a 'Strong Performer' among
12 other firms. The German company, with offices in Chicago and Singapore,
develops compliance and credit decisioning software for the finance sector.
These applications are based on the award-winning ACTICO Platform, which was
evaluated in the Forrester report on the basis of 23 criteria and alongside 12
platforms of other vendors.

Related Image
(https://cdn.newswire.com/files/x/2a/89/ec871ec2bf6dd49a0aa67f242b48.jpg)

Hans Jürgen Rieder

"The fact that we have achieved the highest score possible in the
explainability, and security criteria is very important for our customers.
After all, they are supervised by various regulatory authorities," (Hans
Jürgen Rieder)

Finance sector provides instant response in turbulent times with ACTICO
Platform

In times of constant political and economic change, banks, insurers and
financial service providers need to respond quickly to changes - such as new
insights into customer behavior or to changes in financial policy. Users can
use the ACTICO Platform to adapt guidelines - for example, those governing
credit decisions, the monitoring of payment transactions, or customer
communication in real time - within a few hours, test scenarios with altered
conditions and then activate these during day-to-day operations. A
well-designed framework ensures that no programming knowledge is required.
Previously, system adaptations took experts weeks, as external software
service providers or the IT department were involved - and this is still the
case today at many banks, insurance companies and financial service providers.
A look back at the turbulence of recent years gives an idea of how often such
adjustments were necessary.

Highest possible scores in several categories for German Software Engineering

The report's vendor profile of ACTICO states that their platform tools are
designed for business experts to easily define and manage their decisions
across the entire lifecycle. Forrester finds ACTICO's European customer list -
which includes Santander, Volkswagen Financial Services and ING -
"impressive," adding that they could increase adoption in this incredibly
competitive market by expanding more aggressively into North America. The
report went on to state that "ACTICO has strengths in decision logic authoring
tools, explainability, application development tools, solution accelerators,
and security." Further, Forrester calls ACTICO Platform a good fit "for
customers that are looking to implement one of ACTICO's solution accelerators,
especially for organizations in highly regulated industries."

Clever integration of machine learning into banking processes

ACTICO customers use AI or machine learning when they check whether a payroll
in a loan application is forged, a bank transaction violates applicable
embargoes or securities trading shows criminal patterns, for instance. "The
fact that we have achieved the highest score possible in the explainability,
and security criteria is very important for our customers. After all, they are
supervised by various regulatory authorities," Hans Jürgen Rieder, CEO of
ACTICO, resumes.

1 The AI Decisioning Platforms Landscape, Q1 2023", Forrester, March 6, 2023
(https://pr.report/EmuQqTx8)

Contact Information

Stefan Opferkuch

General Manager
stefan.opferkuch@actico.com (mailto:stefan.opferkuch@actico.com)

+1 312 471 5530

Related Files

PR_Forrester_final.docx (https://pr.report/flZFNrt3)
Logo mit Schutzraum_72dpi.jpg (https://pr.report/y-1etnrT)

SOURCE: Actico GmbH

 

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