QBE Partners With HyperScience To Drive Immediate Operational ROI With Practical Artificial Intelligence

By a News Reporter-Staff News Editor at Investment Weekly News -- QBE Insurance Group Limited (QBE) announces that QBE Ventures has closed an investment into HyperScience, a machine learning company focused on building enterprise-grade artificial intelligence (AI) solutions for automating office work. This is the third investment made by QBE Ventures since its launch in 2017.

HyperScience helps large organizations across verticals like insurance, financial services, healthcare, and government reduce their dependency on costly, slow, and error-prone manual data entry operations. The company's products are currently being used by global financial services firms, including one that has doubled the processing throughput for their wealth management client account forms while increasing both the automation and accuracy for sorting the incoming documents. HyperScience has also successfully applied its technology toward ongoing file migration projects, in one case demonstrating quadrupled processing throughput for a large brokerage firm when compared to their original all-manual approach.

Keywords for this news article include: QBE, Machine Learning, Emerging Technologies, Finance and Investment, Investment and Finance, Artificial Intelligence.

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