Veritone and OPEXUS Team Up to Provide AI Solutions to National Canadian Bank
Veritone, Inc. (VERI) and OPEXUS partner to offer AI solutions to a major national Canadian bank, enhancing data privacy workflows and compliance with regulations. Veritone's Redact solution uses machine learning to redact sensitive information in audio and video data, reducing redaction times by up to 90%. The partnership aims to improve data security, regulatory compliance, and trust in financial services.
Veritone's partnership with OPEXUS enables them to provide innovative AI solutions to a major national Canadian bank, enhancing data privacy workflows and ensuring compliance with regulations.
Redaction plays a important role in maintaining data security, regulatory compliance, and trust in financial services, and Veritone's Redact solution helps in significantly reducing redaction times by up to 90%.
Veritone's aiWARE™ enterprise platform and Redact solution offer efficiency and accuracy in safeguarding sensitive information, enabling users to define and automatically redact sensitive imagery and objects from audio and video documents.
Manual redaction processes are time-consuming, error-prone, and costly, lacking scalability and auditability for large-scale document management, which can pose challenges for modern organizations.
The increasing volume of audio and video data presents a challenge for organizations in safeguarding sensitive information effectively, necessitating the adoption of AI-powered redaction solutions like Veritone's Redact.
Veritone Redact Provides Redaction Capabilities for OPEXUS’ ATIPXpress® AI Assist Module, Improving Data Privacy Workflows While Helping to Comply with Regulations
Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, and OPEXUS, a leading provider of government process management software, today announced that a major national bank in
Veritone Redact uses pre-processing and machine learning to support the AI Assist Module by finding, flagging and redacting sensitive information in audio and video data, which may include audio calls between customer service representatives and customers, internal company video conversations or on-premise surveillance footage. Redaction plays an important role in the bank’s efforts to maintain data security, regulatory compliance and trust in financial services. Redacting multimedia files is a time-intensive process, and Veritone Redact is able to help ATIP teams reduce redaction times by up to
“Redaction plays a crucial role in many sectors, including government finance, given the importance of complying with Access to Information and Privacy (ATIP) regulations; but manual redaction carries the weight of being time-consuming, error-prone and costly, often lacking the scalability and auditability crucial for large-scale document management,” said Howard Langsam, chief executive officer, OPEXUS. “Fortunately, through our AI Assist module and Veritone Redact, we provide an AI-powered redaction solution capable of effectively handling an uptick in audio and video ATIP requests.”
“As the waves of audio and video data surge, AI-powered redaction is an indispensable tool for modern organizations, offering efficiency and accuracy in safeguarding sensitive information,” said Jon Gacek, general manager for Veritone Public Sector. “By integrating Veritone Redact into their AI Assist module, OPEXUS empowers their customers to effectively navigate the rising tide of ATIP requests, while also improving their ATIP workflows to help save time, money and resources.”
Built on Veritone’s proven aiWARE™ enterprise platform, Veritone Redact enables users to manually define sensitive imagery and objects, including heads and personally identifiable information, and then automatically redacts this information from audio and video documents. It also enables searches for keywords and phrases captured within the recorded audio and quick redaction of those items. To learn more visit: https://www.veritone.com/applications/redact/
The news follows OPEXUS’ recent contract renewal with the federal financial institution, whereby the bank will utilize OPEXUS’ expanded performance ATIP modules including AI Assist, Collaboration Portal, Public Access Link and Electronic Document Review. Given the increase in ATIP requests over the last several years, banks across
About OPEXUS
With OPEXUS, get government unstuck. OPEXUS is the leader in FedRAMP-certified government process management software with more than 30 years of experience supporting public institutions. The company brings operational excellence to governments’ middle office so agencies can focus on the critical work of mission delivery. OPEXUS empowers 100,000 government users with exceptional technology experiences and a built-for-government product suite, including solutions for audit, investigations, correspondence, Freedom of Information Act (FOIA) requests, and employee & labor. Located in the heart of
About Veritone
Veritone (NASDAQ: VERI) designs human-centered AI solutions. Serving customers in the talent acquisition, media, entertainment and public sector industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com
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Media Contact:
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Global Results Comms (GRC)
+1 949 608 0276
Veritone@globalresultspr.com
Sarah Rich
Veritone
srich@veritone.com
Source: Veritone, Inc.
FAQ
What AI solution is Veritone providing to a major national Canadian bank in partnership with OPEXUS?
How does Veritone's Redact solution help in reducing redaction times for sensitive information in audio and video data?
What role does redaction play in the bank's efforts to maintain data security and regulatory compliance?
How do Veritone's aiWARE™ enterprise platform and Redact solution enable users to safeguard sensitive information in audio and video documents?
What are some challenges associated with manual redaction processes for sensitive information?
