VIENNA, Va., March 22, 2017 – RiskSpan, the data management, data applications, and predictive analytics firm that specializes in risk solutions for the mortgage, capital markets, and banking industries, today, at IBM’s InterConnect conference in Las Vegas, announced the launch of a new data and analytics API on the IBM Bluemix platform.
RiskSpan partnered with IBM Cloud for Financial Services/IBM Watson Financial Services to offer its RiskSpanEdge API. The REST API, available on IBM Bluemix’s data and analytics services catalog, enables developers to call RiskSpan’s predictive models and return in JSON format defined data clusters, user defined loan performance aggregates, and model performance including defaults and loss given default. Other initial FinTechs offering their APIs on IBM Cloud include Accern, Plaid, and Dow Jones.
“Partnering with IBM was a natural next step in our mission to transform the finance industry,” says, RiskSpan CTO and Co-Founder Suhrud Dagli. “IBM’s commitment to cloud-based services magnifies the potential impact FinTechs like RiskSpan can make with its own clients. We are excited to be a part of it.”
Aligned with the goals behind the partnership with IBM Bluemix, Dagli will also be a panelist at the IBM Interconnect session, “Disrupting Finance: Fintechs and IBM Working Together to Create the Bank of the Future.” IBM Interconnect is IBM's cloud and cognitive conference where more than 20,000 developers, clients and partners are being introduced to the latest advancements in cloud computing. The panel was a great opportunity to highlight the progress this partnership will bring.
Said Patrick Doherty, COO of RiskSpan, “This is just the first of many services we intend to on-board to the IBM Bluemix platform. This is the future and our product plan is aligned to it. IBM and RiskSpan have a shared vision for banking and financial services data systems. As Ginni Rometty said yesterday during her keynote – ‘enterprise strong, data first, cognitive to the core.’ Our customers count on RiskSpan’s finance data and analytics expertise - and IBM has our back.”
RiskSpan simplifies the management of complex data in the mortgage, capital markets, and banking industries. We transform seemingly unmanageable data—a very real source of risk—into productive business assets. By deploying our platform of industry experts and the latest technology, we make data beautiful. Learn more at www.riskspan.com.
About IBM Watson Financial Services
IBM is working with organizations across the financial services industry to use IBM Cloud, cognitive, regtech and blockchain technology to address their business challenges. Banking, wealth management and insurance are some of the areas poised for dramatic change by using cognitive and AI capabilities provided by IBM Watson Financial Services.
For more information about IBM Watson Financial Services, visit https://www.ibm.com/watson/financial-services/
Phone: (703) 956-5200