The Premier Digital Twin Technology Solution for Banking, Financial Services, and Insurance

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Today's banking, financial services, and insurance (BFSI) organizations must always stay on top of the ever-transforming financial industry. Thankfully, Altair's comprehensive digital twin platform – powered by the industry's premier simulation, high-performance computing (HPC), artificial intelligence, and data analytics technologies – is the perfect tool for fast, scalable, cutting-edge financial services solutions. Altair's easy-to-use digital twin platform gives banking and financial services institutions the power and freedom to gain insight using governed, trusted, and accurate data.

Learn more about digital twin trends in the BFSI industry in this survey report. Looking for a comprehensive guide to digital twin around the world? Read the Altair Digital Twin Global Survey Report.

2023 Global Digital Twin Industry Report: BFSI

An in-depth report on digital twin technology as it’s used in the banking, financial services, and insurance sector.

Download the Report

Top Digital Twin Insights

Cropped image taken from Altair's infographic on digital twin in the BFSI industry.

Digital Twin Tech Opens New Avenues for Banking, Finance, and Insurance

Discover how digital twin technology empowers financial organizations with real-time insights, unmatched predictive and analytics capabilities, and more — and what lies ahead for digital twin in BFSI's future. Read More

Cropped image taken from Altair's infographic on Digital Twin insights.

Why Digital Twin Adoption Rates are Skyrocketing

Learn why digital twin adoption is sweeping industries around the world, and how the technology improves organizations’ workflows, products, and processes. Read More

Cropped image taken from Altair's infographic on Digital Twin adoption insights.

Bridging the Gaps in Digital Twin Understanding, Adoption, and Usage

In this infographic, discover how teams can build toward digital twin alignment and eliminate internal misunderstandings, disconnects, and departmental silos. Read More

Learn how our technology and experts can jumpstart your digital twin journey.

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Altair Digital Twin Central

Learn how our technology and experts can jumpstart your digital twin journey.

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Digital Twin in Action

Future.Industry 2023

Exploring Digital Twins: Common Understanding, Challenges, and Business Value

Join Craig Brown, Executive Consultant at CIMdata, Antonio Del Prete, Associate Professor at the University of Salento and CTO at Advanced Engineering Solutions, Maurizio Tursini, Chief Marketing & Solution Officer at Gruppo Cimbali, Thomas Tecco, COO at XLDyn LLC, and Dr. Jan Dolinsky, CTO & Co-founder at Tangent Works, for a panel discussion on real-world Digital Twins projects.

The concept of Digital Twins is gaining increasing recognition, and businesses are eager to explore the potential value of this technology. However, many organizations still lack proven use cases and implementation strategies. Together, the panel of thought leaders from different industries will share their insights into the current common understanding of Digital Twins, show how they overcame challenges before and during their Digital Twin projects, and explain how to identify and include other crucial stakeholders within the company and beyond to maximize business benefits of these types of projects.

The panel will share their experiences and perspectives on the potential of Digital Twins, as well as practical strategies for successfully implementing these projects. Attendees can expect to gain valuable insights into the benefits and challenges of Digital Twins, as well as tips for driving successful projects within their own organizations.

Presented as part of Altair's 2023 Future.Industry conference.

The presentation is in English by default.  The following languages are available by clicking on Audio Description 'AD))' on the video screen: DE, ES, FR, IT, ES, PT, KO, and CN.

Duration: 32 minutes

Future.Industry 2023

Altair RapidMiner for Banking, Financial Services, and Insurance

Altair works with over 4,000 banking, financial services, and insurance (BFSI) companies – including 17 of the world's top 20 investment banks. Altair RapidMiner, our data analytics and AI platform, offers unparalleled breadth and depth across the analytics lifecycle. Whether an organization requires an end-to-end platform or point solutions, Altair RapidMiner empowers customers to give their diverse teams the right tools at the right time. Our Center of Excellence (CoE) methodology provides the tools your team needs to improve their skills quickly, and our unique Altair Units licensing model provides cost-effective options that give organizations a competitive advantage.


Predictive Analytics in Insurance

At its simplest, a product price is defined as the sum of cost and profit. The primary aim, and biggest challenge, in the insurance sector is accurately estimating product cost. Over the years, insurers have developed a plethora of tools, methodologies, and mathematical models to calculate costs. The big data revolution along with advances in data processing, predictive analytics, and artificial intelligence (AI) has made this effort more achievable.

Technical Document
Data Analytics Summit

AI in Banking: Recent Advances and Future Directions

This talk summarized recent advances in AI in banking and potential future research directions for the broad field of AI in banking.

Presented by Dr. Emmanouil Platanakis, Associate Professor of Finance at University of Bath

Data Analytics Summit 2023

When you can ask anything, you can twin anything.

Let’s work together to create your digital twin that gets you answers – fast.

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Person using a tablet to view financial information.