Samuel Goh’s Post

🚀 Our core, proprietary technology is now officially US patent pending! 🚀 This exciting announcement is the first of our innovation series posts that we will be publishing over the next few weeks! 🙌 Statement's data enrichment engine, or officially the "Enrichment and Reconciliation of Financial Transaction Data" has been fully documented, reviewed, packaged and now submitted to the United States Patent and Trademark Office. Over the past two years, the product and R&D teams at Statement have been diligently designing and building cutting edge real-time AI enrichment engines for transactional financial data. Financial data that flows through Statement's systems is enriched with context, enabling a world of extremely high level of accuracy automated cash forecasting, reconciliations, cash applications, and more, to benefit our customers. 𝐒𝐨, 𝐰𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭?  Beyond marketing fluff, our amazing teams have built deep technology that can drastically improve the speed and accuracy of real-time financial data enrichment across multiple financial ecosystems such as banks, PSPs, ERPs, A/P and A/R systems. We are creating an instantly connected, real-time, financial ecosystem. This is the result of hard work by brilliant data scientists, product managers and software engineers who get things done. It is also a reflection of our heavy investment in R&D and culture that consistently challenges the status quo seeking innovative and improved solutions. 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐥𝐞𝐚𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐭𝐞𝐚𝐦𝐬?  We are laying the data infrastructure foundation for wide spread, real-time automations within the CFO tech suite. Hundreds of hours of manual tasks such as categorization of data, reconciliations between transactions and trying to build excel heavy models for cash operations will become a thing of the past. We have more patents coming up, covering various aspects of our innovative platform with clear technical differentiation points. Stay tuned! Kudos ( 👑 !) to our amazing Data, Product and R&D teams : Shahar Lahav, Israel Rosset, Shlomo Lahav, Ofer Tzarfaty, Yochai Shakked Gavish, Or Levy, David Ginat, Gal Shoval, Ron Helfer, Idan Aharoni, Netay Gidnian, Aviv Atedgi, Lital Shemesh, Roei Birnfeld, Ofek Glik, Tom Shalem, Bar Azulay, Boris Komraz

🚀 Our core, proprietary technology is now officially US patent pending! 🚀 This exciting announcement is the first of our innovation series posts that we will be publishing over the next few weeks! 🙌 Statement's data enrichment engine, or officially the "Enrichment and Reconciliation of Financial Transaction Data" has been fully documented, reviewed, packaged and now submitted to the United States Patent and Trademark Office. Over the past two years, the product and R&D teams at Statement have been diligently designing and building cutting edge real-time AI enrichment engines for transactional financial data. Financial data that flows through Statement's systems is enriched with context, enabling a world of extremely high level of accuracy automated cash forecasting, reconciliations, cash applications, and more, to benefit our customers. 𝐒𝐨, 𝐰𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭?  Beyond marketing fluff, our amazing teams have built deep technology that can drastically improve the speed and accuracy of real-time financial data enrichment across multiple financial ecosystems such as banks, PSPs, ERPs, A/P and A/R systems. We are creating an instantly connected, real-time, financial ecosystem. This is the result of hard work by brilliant data scientists, product managers and software engineers who get things done. It is also a reflection of our heavy investment in R&D and culture that consistently challenges the status quo seeking innovative and improved solutions. 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐥𝐞𝐚𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐭𝐞𝐚𝐦𝐬?  We are laying the data infrastructure foundation for wide spread, real-time automations within the CFO tech suite. Hundreds of hours of manual tasks such as categorization of data, reconciliations between transactions and trying to build excel heavy models for cash operations will become a thing of the past. We have more patents coming up, covering various aspects of our innovative platform with clear technical differentiation points. Stay tuned! Kudos ( 👑 !) to our amazing Data, Product and R&D teams : Shahar Lahav, Israel Rosset, Shlomo Lahav, Ofer Tzarfaty, Yochai Shakked Gavish, Or Levy, David Ginat, Gal Shoval, Ron Helfer, Idan Aharoni, Netay Gidnian, Aviv Atedgi, Lital Shemesh, Roei Birnfeld, Ofek Glik, Tom Shalem, Bar Azulay, Boris Komraz

Did you know that 75% of knowledge workers are already using AI, with nearly half adopting it just in the last six months? From what I’m seeing in financial services, this rapid adoption is linked to the clear advantages in efficiency. Reports from Microsoft outline how tools like Microsoft Copilot can save teams an entire workday each month simply by summarizing meetings. However, handling sensitive financial data isn’t always about saving time. That’s why financial business leaders must focus on secure AI practices that protect customer data while developing faster processes. And partnerships are key to making that happen. EY, working with Microsoft, helps FSI leaders implement tools like Copilot with a focus on governance, risk, and compliance. Leveraging a comprehensive five-point blueprint, referenced in the article below, ensures that AI deployments are effective while protecting customer data and strengthening regulatory compliance. For a closer look at how AI is unlocking the future of knowledge work, and how it can be properly implemented to benefit financial services, read the full article from Ryan Blakely below: https://lnkd.in/e7xhtHDK

There is a clear value benefit to banks and other financial services firms embedding AI into their operations and products, particularly when it comes to turning unstructured and disparate data into actionable insights. From productivity gains to better analytics, employee experience, and customer satisfaction, the question isn’t whether FIs should invest in the emerging tech, but how they can do so responsibly. Robust AI governance means more than being compliant. It includes doubling down on risk management, digital trust, and a change culture—and it allows technical innovation to make true on its transformative promises for the business. Microsoft has been a key partner to EY teams for helping establish responsible AI frameworks and pilots for leading financial services firms. They’ve just shared this great piece on their vision for the future of our space, and the role partners like EY play in shaping it. https://lnkd.in/exkdfPCs

#AI is transforming the financial services industry. By implementing #responsibleAI and fostering innovation, #financialservices organizations can boost productivity while ensuring data security. Discover how: https://lnkd.in/eH44WfMj #MSFTAdvocate #MicrosoftCopilot

Say goodbye to Excel headaches and hello to enhanced data consistency, streamlined workflows, and reduced audit risks with Breakaway's GTN solution. Read more: https://hubs.ly/Q02fr1kC0 #GTN #Automation #BreakawayTech #Data #AI #Business #Insights #Finance #Pharma

Excellent article by Nikita Andersson, highlighting why "Service as a Software" will be the future. With ARC Intelligence, we're pioneering this shift, offering data intelligence as a software to SMEs across the DACH region.

United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives.  Read - https://lnkd.in/giwa7d88 follow Caproasia | Driving the future of Asia United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives. Jaakko (Jack) Kokko, CEO & Founder at AlphaSense: “This transaction marks a pivotal moment for AlphaSense in our mission to help businesses and investors make better decisions with confidence and speed. I am thrilled to join forces with the Tegus team as a significant leap forward in furthering our mission, adding top-quality content on public and private companies, and enhancing our ability to deliver even more comprehensive insights to our customers around the world.” Michael Elnick, Co-Founder & Co-CEO at Tegus: “ This is a significant moment for Tegus. For nearly a decade we’ve worked to transform how companies and investors conduct research. By joining forces with AlphaSense, we’re going to empower clients in new and more powerful ways. AlphaSense and Tegus are like-minded companies, with a shared vision, and I couldn’t be more excited to continue pursuing our mission of modernizing research for businesses, together.” AlphaSense (11/6/24): “AlphaSense the leading market intelligence and search platform, today announced an agreement to acquire Tegus, a leading provider of expert research, unique private company content, and financial data and workflow tools. This transaction will bring Tegus’ breadth of private company data to AlphaSense’s platform, further delivering on the companies’ shared mission to empower business and financial professionals to make smarter decisions through AI-driven market intelligence. As part of this deal, AlphaSense has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital ... ... AlphaSense, Tegus Viking Global Investors, BDT & MSD Partners, J.P. Morgan, SoftBank Investment Advisers, SoftBank Group International, Blue Owl Capital, Alkeon Capital, CapitalG, Goldman Sachs, Goldman Sachs Asset Management

United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives. Read - https://lnkd.in/gx3PmNxX follow Caproasia | Driving the future of Asia United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives. Jaakko (Jack) Kokko, CEO & Founder at AlphaSense: “This transaction marks a pivotal moment for AlphaSense in our mission to help businesses and investors make better decisions with confidence and speed. I am thrilled to join forces with the Tegus team as a significant leap forward in furthering our mission, adding top-quality content on public and private companies, and enhancing our ability to deliver even more comprehensive insights to our customers around the world.” Michael Elnick, Co-Founder & Co-CEO at Tegus: “ This is a significant moment for Tegus. For nearly a decade we’ve worked to transform how companies and investors conduct research. By joining forces with AlphaSense, we’re going to empower clients in new and more powerful ways. AlphaSense and Tegus are like-minded companies, with a shared vision, and I couldn’t be more excited to continue pursuing our mission of modernizing research for businesses, together.” AlphaSense (11/6/24): “AlphaSense the leading market intelligence and search platform, today announced an agreement to acquire Tegus, a leading provider of expert research, unique private company content, and financial data and workflow tools. This transaction will bring Tegus’ breadth of private company data to AlphaSense’s platform, further delivering on the companies’ shared mission to empower business and financial professionals to make smarter decisions through AI-driven market intelligence. As part of this deal, AlphaSense has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital ... ... AlphaSense, Tegus Viking Global Investors, BDT & MSD Partners, J.P. Morgan, SoftBank Investment Advisers, SoftBank Group International, Blue Owl Capital, Alkeon Capital, CapitalG, Goldman Sachs, Goldman Sachs Asset Management

Companies in the financial services industry (FSI) are adopting AI to transform operations and boost employee productivity. AI represents an exciting next step for FSI companies, but fostering innovation requires a foundation of trust and robust governance. FSI firms handle sensitive financial data and personal information, facing unique security and regulatory challenges. Business leaders must prepare for the future by empowering employees with AI in a responsible and secure manner that protects customer data. Financial institutions are increasingly turning to artificial intelligence (AI) to revolutionize .