Toronto-based companies, NexJ Systems and Boosted.ai, have entered into a partnership to supplement NexJ’s AI and machine learning capabilities.
NexJ Systems, a company specialising in intelligent customer management software for the financial services industry, has already begun working with Boosted.ai on building a product that will leverage the expertise of both companies.
The initial product will deliver wealth management specific functionality to augment an advisor’s ability to service and sell to clients, while improving productivity associated with the execution of back-office tasks.
Matthew Bogart, VP of marketing at NexJ Systems Inc., said: “It made sense for NexJ and Boosted.ai to partner given we are aligned in delivering technologically advanced products, leveraging AI and Machine Learning, to the financial services market.
“AI and ML are foundational components of our intelligent customer management strategy. Our focus is to develop feature-rich, industry specific, out-of-the-box functionality, delivered with a rapid time to value that can empower the human advisor.”
Boosted.ai has decades of combined experience building machine learning teams at Bloomberg and through the founding of Maluuba, a company that was acquired by Microsoft and became Microsoft Research Montreal.
Joshua Pantony, co-founder and CEO of Boosted.ai, said: “Boosted.ai was founded with the belief that machine learning will revolutionise the financial industry. We want to empower the industry to achieve consistently better results by unlocking the predictive power of data. We think the partnership with NexJ will allow us to fully unleash the potential of our machine learning algorithms in combined product offerings.”