{"id":414257,"date":"2021-01-13T11:03:07","date_gmt":"2021-01-13T16:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414257"},"modified":"2021-01-13T11:03:07","modified_gmt":"2021-01-13T16:03:07","slug":"truera-appoints-senior-banking-data-leader-to-executive-team-opens-offices-in-singapore-and-london-to-accommodate-growing-demand-for-responsible-ai-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truera-appoints-senior-banking-data-leader-to-executive-team-opens-offices-in-singapore-and-london-to-accommodate-growing-demand-for-responsible-ai-solutions\/","title":{"rendered":"Truera Appoints Senior Banking Data Leader to Executive Team, Opens Offices in Singapore and London to Accommodate Growing Demand for Responsible AI Solutions"},"content":{"rendered":"

\nFormer customer joins Truera to help expand its market presence globally
\n<\/h2>\n
\n

REDWOOD CITY, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) — Truera<\/u><\/a>, which provides the industry\u2019s first Model <\/u><\/a>Intelligence<\/u><\/a> platform, announced today that it has appointed Shameek Kundu as Head of Financial Services and Chief Strategy Officer. Kundu was previously with Standard Chartered Bank, where he was Group Chief Data Officer.<\/p>\n

Kundu has been an early proponent of Responsible Adoption of AI<\/u><\/a> in financial services, having helped<\/u><\/a> draft the Monetary Authority of Singapore’s AI guidelines<\/u><\/a> back in 2018. Kundu is a member of the Bank of England’s AI Public-Private Forum<\/u><\/a> and the OECD Global Partnership on AI<\/u><\/a>. At Standard Chartered Bank, Kundu\u2019s role involved exploring and adopting AI in multiple areas (such as credit, financial crime compliance and customer analytics) and shaping the bank\u2019s approach to data and AI governance across geographies. Previously, Kundu was an Associate Partner at McKinsey in London.<\/p>\n

Kundu also heads up Truera\u2019s newly opened office in Singapore, which serves Truera\u2019s growing base of clients throughout Asia-Pacific – a region that is rapidly adopting AI.<\/p>\n

\u201cWe are very pleased to have Shameek join our team. He brings a proven track-record in data management and AI governance, and a rich understanding of the regulatory and business priorities in the financial services industry,” said Will Uppington, CEO and co-founder of Truera. \u201cWe\u2019re already seeing great traction in financial services, and Shameek\u2019s direct experience will help accelerate that.\u201d<\/p>\n

“I am delighted to be part of the Truera journey,” said Kundu, “and to be working with such a talented team that shares my long-standing interest in the responsible use of data and AI. Truera is solving important problems for the financial services industry, ones that are recognized by firms and regulators alike, and the Truera team has developed unique technology and expertise to address these challenges. The opportunity to help grow this company and shape its path was extremely attractive to me.\u201d<\/p>\n

Truera also announced that it has opened an office in London designed to serve as a home base for the company\u2019s European sales and support. \u201cLondon is a worldwide financial services hub and the European Commission is at the forefront in exploring enhanced regulation of AI<\/u><\/a>. We\u2019ll be working on several pilots in the UK and Europe in early 2021,\u201d said Uppington.<\/p>\n

Truera came out of stealth in August 2020, and in December 2020 announced a $12M funding round to help accelerate go-to-market of its AI Model Intelligence Platform.<\/p>\n

Truera\u2019s model intelligence <\/u><\/a>software<\/u><\/a> removes the \u201cblack box\u201d surrounding Machine Learning (ML) and provides intelligence and actionable insights throughout the ML model lifecycle – enabling companies to improve the quality and accuracy of their models, boost stakeholder collaboration, address responsible AI concerns including explainability and bias, and monitor ML models. Truera\u2019s technology builds on six years of AI <\/u><\/a>Explainability<\/u><\/a>research<\/u><\/a> performed at Carnegie Mellon University (CMU), which pioneered many of the methods that are becoming the standard for explaining popular ML models such as Tree models and Neural Networks. Building on this research, Truera\u2019s AI explainability technology devised by Co-founders Anupam Datta, President & Chief Scientist, Truera and Professor, CMU and Shayak Sen, CTO, addresses deficiencies in the industry\u2019s first-generation Open Source software, enabling faster and more accurate AI explanations and analytics.<\/p>\n

The Truera platform is already deployed at and delivering value to a number of early Fortune 100 customers. Including Standard Chartered.<\/p>\n

To learn more about Truera or schedule a demo, visit https:\/\/truera.com\/<\/u><\/a>.<\/p>\n

\n About Truera <\/strong>
\n
\n
\n Truera<\/u>
\n <\/a> provides the first Model Intelligence platform, to help enterprises analyze machine learning, improve and monitor model quality and build trust. Powered by enterprise-class Artificial Intelligence (AI) Explainability technology based on six years of research at Carnegie Mellon University, Truera\u2019s platform helps eliminate the black box surrounding widely used AI and ML technologies. This visibility leads to higher quality, explainable models that sustainably achieve measurable business results, address unfair bias, and ensure governance and compliance. To learn more, visit https:\/\/truera.com\/<\/u><\/a>.<\/p>\n

\n Media contact:<\/strong>
\n
Michelle Faulkner
617-510-6998
michelle@big-swing.com<\/a><\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/990a5b4f-7be5-4bcb-a2b3-b40d49e2479a<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Former customer joins Truera to help expand its market presence globally REDWOOD CITY, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) — Truera, which provides the industry\u2019s first Model Intelligence platform, announced today that it has appointed Shameek Kundu as Head of Financial Services and Chief Strategy Officer. Kundu was previously with Standard Chartered Bank, where he was Group Chief Data Officer. Kundu has been an early proponent of Responsible Adoption of AI in financial services, having helped draft the Monetary Authority of Singapore’s AI guidelines back in 2018. Kundu is a member of the Bank of England’s AI Public-Private Forum and the OECD Global Partnership on AI. At Standard Chartered Bank, Kundu\u2019s role involved exploring and adopting AI in multiple areas … <\/p>\n

Continue reading “Truera Appoints Senior Banking Data Leader to Executive Team, Opens Offices in Singapore and London to Accommodate Growing Demand for Responsible AI Solutions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414257","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTruera Appoints Senior Banking Data Leader to Executive Team, Opens Offices in Singapore and London to Accommodate Growing Demand for Responsible AI Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/truera-appoints-senior-banking-data-leader-to-executive-team-opens-offices-in-singapore-and-london-to-accommodate-growing-demand-for-responsible-ai-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Truera Appoints Senior Banking Data Leader to Executive Team, Opens Offices in Singapore and London to Accommodate Growing Demand for Responsible AI Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Former customer joins Truera to help expand its market presence globally REDWOOD CITY, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) — Truera, which provides the industry\u2019s first Model Intelligence platform, announced today that it has appointed Shameek Kundu as Head of Financial Services and Chief Strategy Officer. 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Kundu was previously with Standard Chartered Bank, where he was Group Chief Data Officer. Kundu has been an early proponent of Responsible Adoption of AI in financial services, having helped draft the Monetary Authority of Singapore’s AI guidelines back in 2018. Kundu is a member of the Bank of England’s AI Public-Private Forum and the OECD Global Partnership on AI. 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