KUALA LUMPUR, DataTracks, a cloud-based software application provider for compliance reports, is set to launch the next version of Rainbow software, featuring artificial intelligence (AI) and machine learning capabilities.
Rainbow 4.0, which is slated for release in 18 months, will incorporate AI and machine learning features to supplement human judgment in associating the most ‘fit for purpose’ definition of financial data.
Current version, Rainbow 3.0 links financial books, draws financial and other data into a depository, facilitates writing of compliance reports in a collaborative manner and facilitates extraction of output for filing with regulators and publishing to stakeholders.
DataTracks founder and director, T. R. Santhanakrishnan said: Independent league tables for quality in the United States places DataTracks within the top three positions with 99.44 per cent score – far better than several competitors in the space.
High quality makes it easy for analysts to acquire insight into your financials and helps reduce noise and increase signal in the capital market.
Since inception, the Rainbow software has been used by clients to produce over 166,000 compliance reports while the company counts more than 16,600 clients in 24 countries.
Source: BERNAMA (News Agency)