How CSI is using AI to merge fintech Apiture onto its platform
Core provider’s acquisition of Apiture was completed Oct. 22
Core service provider CSI is using AI to merge digital banking platform Apiture onto its platform following its acquisition of the fintech in a deal completed Oct. 22.
To simplify the merging process, Paducah, Ky.-based CSI plans to deploy AI, Jeff Brown, vice president of technology strategy and architecture, told FinAi News.
“AI will certainly help us in understanding the other system, sharing knowledge and creating automated tests.” — Jeff Brown, CSI
The main use case for AI in the transition process is for assisting CSI’s analysis and understanding of the Apiture’s code base. When done manually, this is a time-consuming undertaking, Brown said.
“Or you can look at what AI can deliver to you by asking: ‘Hey, would you summarize these modules and tell me roughly what they do?’” he said. “And then if I need to, I can drill into [the modules] further.”
Expanding the CSI portfolio
CSI acquired Apiture in August for an undisclosed amount as a way of expanding its offerings and adding new solutions to its portfolio, Brown said.
“The Apiture acquisition was focused on our consumer and business banking digital offerings. Our main business strategy on it was to flesh out the business banking digital features of Apiture, because that’s one piece of our portfolio that we want to enhance,” he said.
CSI did not disclose when the merger of the systems is expected to be complete or provide financial details of the acquisition.
Existing and potential use of AI
CSI has deployed AI for years in various processes, Brown said, including:
- Automating back-office tasks;
- Fraud and cyber-threat detection; and
- Software development.
“When I look at gen AI developer tools, I see about a 10% to 15% improvement or four to six hours of savings each week per employee.” — Jeff Brown, CSI
The company aims to embed AI in its own offerings to provide a more engaging platform to its clients, Brown said.
He is looking forward to the process.
“We’re about a week into merging our companies, so we’re in our happy days right now,” he said “The fun part comes up in a few weeks when we start to say, OK, here’s what we need to adjust.”
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