Intelsat SA
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Communication Services : Diversified Telecommunication Services | Small Cap Value
Based in LuxembourgCompany profile

Intelsat S.A. operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers (ISPs). The Company is also a provider of commercial satellite communication services to the United States Government and other select military organizations and their contractors. The Company focuses on business-to-business services, indirectly enable enterprise, government and consumer applications through its customers. The Company has operations in North America, Europe, Latin America and Caribbean, Africa and Middle East, and Asia Pacific.

Closing Price
$21.17
Day's Change
-1.21 (-5.41%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.00
Day's Low
20.89
Volume
(Heavy Day)
Volume:
1,968,404

10-day average volume:
1,355,753
1,968,404

ZestFinance To Deliver First Fully Explainable Artificial Intelligence Solution For Credit Underwriting with Microsoft Cloud

9:00 am ET December 19, 2018 (PR Newswire) Print

Today, ZestFinance announced a strategic collaboration with Microsoft to deploy Zest's machine learning (ML) software tools directly on Microsoft Azure and Machine Learning Server platforms to deliver the first fully explainable artificial intelligence (AI) solution for highly regulated industries, starting with the financial sector. Banks and lenders that have been eager to put more profitable ML models to work no longer have to be held back by concerns over ML's historic lack of transparency.

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Financial institutions will now be able to use Zest's ZAML suite of tools to build, deploy, and monitor explainable ML credit models on Azure and Machine Learning Server. The collaboration combines the intelligent capabilities of Microsoft's technology with Zest's deep focus on explainable ML. Zest has spent the last 10 years building comprehensive and thoughtful software tools that help lenders run powerful ML credit models with full transparency and compliance.

Close to 40 million Americans struggle to obtain credit because the simple models that lenders rely on dismiss applicants with little to no history on file. ML credit models use more data and better math to spot worthy borrowers that legacy models overlook. By safely tapping into new customers and re-scoring risk across the credit spectrum, Zest customers see an immediate impact, increasing approval rates by 15% or cutting credit losses by 30%, on average. ML will have an immediate financial impact: lenders in the U.S. currently lose $750 billion in credit charge-offs each year.

"Microsoft has built amazing ML services for the enterprise that enable IT organizations to manage and scale their infrastructure easily to meet diverse business needs," says Douglas Merrill, CEO and founder of ZestFinance. "With Zest explainability, businesses can start using Microsoft's ML platforms more broadly for high-stakes use cases that demand transparency and auditability."

"Microsoft supports ZestFinance's ambition to help the financial services industry make better borrowing decisions and equitably help grow our communities," says Toni Townes-Whitley, president, U.S. Regulated Industries, Microsoft. "With solutions powered by Microsoft technology, the future of AI and the growth of financial services can be much more inclusive, underscored by Microsoft's investments in security, privacy, and regulatory compliance."

With more efficient models running in the cloud, financial institutions will be able to provide more credit at lower cost across their entire credit portfolio. Microsoft and Zest customer Prestige Financial Services, a $1.1 billion (assets) auto lender, put a fully explainable ML credit scoring solution into production earlier this year. Within six months, Prestige doubled its lending volume without added portfolio risk, expanding credit to deserving consumers previously overlooked by legacy models. "Our success was enabled by cutting-edge explainable AI from ZestFinance with battle-hardened infrastructure from Microsoft that is familiar to manage and easy to scale for our business," says Rob Eagleston, chief technology officer, Prestige Financial Services. Download the case study.

Zest-powered explainability, compliance, and monitoring tools are available now on Microsoft Azure and Machine Learning Server customers. For more information, go to zestfinance.com/zaml. To schedule a demo or sales call, email us at partner@zestfinance.com.

About ZestFinanceZestFinance helps lenders use machine learning to develop and launch highly accurate and explainable credit risk models. Zest's software tools enable our clients to increase revenues, reduce risk, and ensure compliance. ZestFinance was founded in 2009 by Douglas Merrill, the former CIO of Google, and a team of former Google employees with the mission of making fair and transparent credit available to everyone. The company is headquartered in Los Angeles, California. For more information, visit www.ZestFinance.com.

About MicrosoftMicrosoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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SOURCE ZestFinance

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