KBC Group Launches AI Fintech, DISCAI

Source: Global Newswire

Through its own fintech DISCAI, a fully owned subsidiary, KBC Group is commercializing the innovative Artificial Intelligence applications it develops in-house to third parties, specifically B2B parties. The first application available focuses on the combat against money laundering.  DISCAI will pursue a gradual go-to-market approach and will work with partners for the distribution and integration of these applications.

DISCAI will initially offer an innovative and high-performance AI-based solution that closely monitors money laundering ('Know Your Transaction' under anti-money laundering regulations). In a next phase, it will assist companies and organizations from various sectors in their search for high-performance and innovative solutions to the technological and regulatory challenges in their particular area of business. DISCAI is also partnering with KPMG who will attract interested B2B parties and support the implementation of the technology in various countries.