FIS Teams Push Boundaries of Artificial Intelligence in 2017 InnovateIN48 Coding Competition
September 18 2017 - 8:30AM
Business Wire
Key facts
- Three hundred teams from 20-plus
countries took part in 2017 FIS InnovateIN48 coding competition,
which wrapped up on Sept. 11-14 in Berlin.
- This year’s competition focused on applying AI technologies to
benefit financial institutions.
- “Ron Burgundy’s News Team,” a team made up of coders from four
different locations around the world, won the 2017 competition with
a solution that provides financial analysts and traders with
intelligent recommendations based on past behaviors.
FIS™ (NYSE:FIS), a global leader in financial services
technology, today announced the winner of 2017 InnovateIN48, an
annual coding competition that challenges FIS teams from around the
world to find innovative ways to apply emerging technology to solve
real-world financial industry problems.
Three hundred teams from more than 20 countries took part in the
2017 competition, which began in May. In the final rounds, held
Sept. 11-14 in Berlin, 14 finalist teams spent 48 hours competing
non-stop. The mission this year: to develop new and unique ways to
apply artificial intelligence to benefit the financial services
industry.
“Ron Burgundy’s News Team,” a team made up of coders from four
different locations around the world, was named the winner for
creating a solution that provides financial analysts and traders
with intelligent recommendations based on past behaviors.
“FIS works to empower the financial world with smarter, faster
and more efficient solutions that meet the needs of clients and
customers worldwide,” said Ido Gileadi, chief information officer,
FIS. “FIS InnovateIN48 once again showcased the strength of our
employees to harness technology in innovative ways that solve
real-world, pressing problems.”
Sponsored by Microsoft and Hewlett Packard Enterprise, FIS
InnovateIN48 was judged by IT and security experts from FIS and
financial services company Nordea, NRW.BANK and Hewlett Packard
Enterprise.
“InnovateIN48 is a truly inspiring and innovative event,” said
Martin Zich, Hewlett Packard Enterprise security solution
architect, who helped judge the event. “To see teams bring their
vision of the future to reality in just 48 hours is truly
impressive.”
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, consulting, and outsourcing
solutions. Through the depth and breadth of our solutions
portfolio, global capabilities and domain expertise, FIS serves
more than 20,000 clients in over 130 countries. Headquartered in
Jacksonville, Fla., FIS employs more than 53,000 people worldwide
and holds leadership positions in payment processing, financial
software and banking solutions. Providing software, services and
outsourcing of the technology that empowers the financial world,
FIS is a Fortune 500 company and is a member of Standard &
Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20170918005292/en/
Kim Snider, 904-438-6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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