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Silicon 70 2018

Proffering the Best Solutions for Financial Firms: BISEES

“Artificial Intelligence is taking financial organizations beyond automation.”thesiliconreview-bisees-logo-18

BISEES provides financial institutions with the reliable performance management and big data services blended with AI technology that allows banks to take themselves to the next level. The company helps businesses address the complex challenges that were not previously tackled by the traditional engineering and IT services. BISEES provides BI and AI solutions to banks around the world including Africa.

In 2016, BISEES was named among the Red Herring Top 100 Europe Winner. It was the first time that the company was recognized. The company’s mission was to assure that it will stand among the most famous AI companies. And the firm is certainly making a mark in the industry in real time and will evolve in the coming years.

Some Wise Words from the CTO to Have a Deep Understanding of BISEES

Why was the company set up? How did you select the vertical and decide to be a part of the global platform?

BISEES was set up in 2014 as an Artificial Intelligence firm that focuses on Bank Intelligence in Ireland. BISEES mission is to provide the customers with the best solutions. AI is the future of the industry because it helps the organizations to work productively and have better communication with their customers. We ensure to collect both structured and unstructured data from the bank to assure that we can provide the best solution.

We conducted a complete research on AI to assure that we will provide our customers with expertise and technologies that will allow them to resolve some of the toughest problems they have been dealing with. Our experts make the implementation of AI technology easy into the bank and services. We selected this arena because it has the potential for growth. It helped us to solve different struggles of financial institutions including predicting customer default, fraud detection, churn, improve cross-sell, smartly initiate marketing campaigns and shape strategy.

Can you talk about your first product that was launched?

Our first project was an AI automation system for the banks called banking performance system. We started with the small and new banks. We took our first project very seriously because we wanted to turn it into a huge success. We had to work with a new bank in Tanzania that eventually helped BISEES to be recognized in the market. It was a challenge and the team had their doubts but eventually, we did our best.

Furthermore, we value our customers. Our customers are our biggest assets. We believe that their reviews and ratings are the reason that we have reached this level of success. 99% of our reviews were positive. We also noticed that our communication skills were the key to success. However, there were some negative reviews as well. These were the most important reviews because they helped us remove the errors and grow as a strong company.

List five factors that have been the biggest asset to your organization.

The 5 factors that make BISEES what it is today are:

  • The quality we provide
  • Our team’s adaptability to upgrades
  • Realistic expectations, (we always keep our goals and projects realistic)
  • Focus on customer satisfaction
  • Flexible model and always ready to introduce new services

What do you feel are the reasons behind your product popularity and consistent growth?

We believe that the success of a company depends on its honest dealing and reliable services. Our products are popular because we design the services according to the requirements and demands of our customers. We add personalized effect to the services we are providing. We always deliver the best quality services.

Being in the industry for 5 years, we have learned from all the mistakes that we have made. We have been growing as a company by introducing new services and products on a consistent basis. We always have something new for our customers. If you are ready to do something great, it is never too hard to start a venture but no doubt maintaining it is the toughest job.

Do you have any new products getting ready to be rolled out into the market?

Yes, we are working on AI services that would be the first one in the market. It is going to be perfect for small and large bank organizations. These AI services will help the financial organizations take their automation to the next level. We are working very hard to make the bank’s management easy.

Where do you see BISEES a couple of years from now?

We believe that we are still in the growth phase because there is so much work left to do. 5 years from now, I can assure you that you will read our name as the top AI technology provider for banks in many magazines and news. Our team is working hard to take our solution into the international market. Our main focus is the developing countries because they need AI services more than developed countries. We hope that 4 years from now we will increase the growth of our company by 40 to 60%.

The Brains behind the Operations

Spilios Theodoratos, CTO: Spilios is an experienced Business Intelligence Architect with a demonstrated history of working in the banking industry. He completed his MBA, Business Administration at Rober Kennedy College followed by a deep learning Nano degree in Artificial Intelligence. He also procured distinction in Technology Entrepreneurship at Stanford University, Venture Lab.

This makes him highly skilled in business process, analytical skills, requirements analysis, entrepreneurship, and databases.

“Data-related threats and opportunities can be subtle. BISEES is here to offer an innovative approach to overcome these threats.”

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