Deloit­te and Ret­res­co have agreed on a stra­te­gic part­nership to coope­ra­te on deve­lo­ping auto­ma­ti­on pro­ducts for finan­ci­al ser­vices.

The stra­te­gic part­nership bet­ween the com­pa­nies reflects an under­stan­ding that custo­mers are loo­king increa­singly for pro­ducts that embrace society’s rapidly-acce­le­ra­ting digi­ta­li­sa­ti­on. Ret­res­co and Deloit­te will be loo­king to deve­lop pro­jects around AI-dri­ven Natu­ral Lan­guage Gene­ra­ti­on (NLG).

 

 
Alex­an­der Sie­bert, foun­der and CEO of Ret­res­co, says, “We are very plea­sed to be teaming up with Deloit­te on this stra­te­gic part­nership.

Deloit­te is one of the lea­ding names in finan­ci­al and pro­fes­sio­nal ser­vices and we are loo­king for­ward to working with them. NLG is a rapidly-expan­ding mar­ket and Deloitte’s faith in Ret­res­co as a com­pa­ny under­li­nes our abi­li­ty to deve­lop and pro­du­ce inno­va­ti­ve solu­ti­ons.”

 

 

 Logo retresco
Retresco’s core pro­duct is textengine.io, a next-gene­ra­ti­on NLG ser­vice that takes struc­tu­red data and trans­forms it into con­text-based natu­ral­ly-for­mu­la­ted text. In their part­nership, Ret­res­co and Deloit­te pre­dict that NLG can and will be app­lied across all are­as of finan­ci­al ser­vices and reporting. In addi­ti­on, the com­pa­nies expect gre­at bene­fits to be made from sub­se­quent gains in effi­ci­en­cy.

 

 

 

Deloit­te and Ret­res­co cover a wide ran­ge of rele­vant con­sul­ting ser­vices as well as having a stra­te­gic focus on offe­ring spe­cia­li­zed digi­tiza­ti­on ser­vices. The aim is to auto­ma­te busi­ness pro­ces­ses and app­ly sta­te-of-the-art tech­no­lo­gies for the ana­ly­sis and exploi­ta­ti­on of texts and data.

Dr. Sebas­ti­an Köhn, seni­or mana­ger of risk & advi­so­ry at Deloit­te, says, “As a com­pa­ny, we readi­ly coope­ra­te with inno­va­ti­ve and relia­ble part­ners. Ret­res­co has a solid long-term track record, and is an inno­va­ti­ve mar­ket lea­der wit­hin the field of text ana­ly­tics and natu­ral lan­guage gene­ra­ti­on. We are exci­ted to begin working with them and look for­ward to a long-term and suc­cess­ful part­nership.”

Ret­res­co was foun­ded in 2008 and is a lea­ding pro­vi­der of AI-powe­r­ed con­tent auto­ma­ti­on. The com­pa­ny has a team of spe­cia­li­zed soft­ware deve­l­o­pers, lin­gu­is­ts, and edi­tors that work to deve­lop inno­va­ti­ve seman­tic solu­ti­ons in the are­as of NLG and Natu­ral Lan­guage Under­stan­ding (NLU). NLU solu­ti­ons inclu­de con­tent cura­ti­on and recom­men­da­ti­on sys­tems, con­tent clas­si­fi­ca­ti­on, and chat­bots.

It also spe­cia­li­zes in deve­lo­ping seman­tic app­li­ca­ti­ons and com­mu­ni­ca­ti­on solu­ti­ons ran­ging from auto­ma­ting job refe­ren­ces, to real esta­te lis­tings, and traf­fic news. Ret­res­co gene­ra­tes more than 5 mil­li­on texts per month for custo­mers.

 

 

For more infor­ma­ti­on, plea­se con­tact:

Sebas­ti­an Marx
Seni­or Sales Mana­ger, Ret­res­co GmbH
+49 (0)30 609 839 600
sebastian.marx@retresco.de

 

Dr. Sebas­ti­an Köhn
Seni­or Mana­ger | Risk Advi­so­ry, Deloit­te GmbH
Pho­ne: +49 (0)40 32080 4448
skoehn@deloitte.de