DOM.RF and Yandex Cloud will continue to develop machine learning technologies

DOM.RF and Yandex Cloud signed an agreement to extend cooperation in the IT field at FINOPOLIS-2023, the state corporation said in a statement. The documents were signed by Nikolai Kozak, Managing Director for IT and Digital Transformation of DOM.RF, and Alexander Chernikov, Commercial Director of Yandex Cloud. They summed up the work of the platform, which will allow DOM.RF employees to automate processes.

“AI algorithms turned out to be able to quickly and accurately analyze large volumes of information, automate the analysis process, ensure the accuracy and relevance of the results, be flexible and adaptive tools, and ultimately simplify the work of our departments and reduce business risks,” said Nikolai Kozak .

In a pilot project, DOM.RF analyzed the investment and construction background using technology that divides news into “positive,” “negative,” and “neutral.” In the case of a negative information field, triggers are triggered and transmitted to project finance specialists.

“The range of application of machine learning technologies in the tasks of banks and fintech companies is very wide and continues to grow. And partnerships between technology companies and leaders in the financial sector help to quickly experiment with new technologies and more effectively adapt the opportunities they provide to business processes and tasks,” noted Alexander Chernikov.