FinTech & InsurTech: Company presentation by Sofie Quidenus-Wahlforss, Omni:us at the NOAH Conference Berlin 2019, 13-14 June - STATION. -

1. Industry 4.0
AI in real life

2.  @NOAHConference
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4. Long time ago….
2004: a robot was born. Qiscan.
Mass digitization of documents
First wave of the digital transformation.

5. 15 years later.
A lot of hope & dreams.
Ai will change the world. Today. Is that true?

6. ?
General AI. Narrow AI.

7. A quick reality check.

8. General AI is for dreamers.
We are there in 150 years.
Argument 1: NN are nothing new.

9. 10162023
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Today is a
totally different game.
Argument 2: But we see so many new technology drivers....

10. At omni:us: General/ Horizontal vs. Vertical?
Fin.Services
M
anufacturing
Telecom
Energy
Travel/Transport
€73b
€45b
€27b €25b
€16b
Manual processes (Avg. 29%) Already Automated
A market of €200b across all industries $$$$$$$$$

11. FOCUS means letting go &
is always painful too....

12. 0110010010100010101100100101000101111100101001100100101000101011001001010
The omni:us team made a bet on
Verticalization.
Hyperverticalization.

13. Why insurance….
How can you be so excited about insurance?
Automation & support
On-demand, personalized Customer Experience
Cognitive data processing & interpretation
New data-driven products
Increased customer expectations
Data explosion
Legacy systems
New Insurtech
competitors

14. We have a clear mission.
We know exactly what we want.
We make insurance better.

15. Cognitive claims handling
with Artificial Intelligence.

16. … to data-driven.From process-driven
The digital transformation of insurance companies with AI.

17. Our AI-powered, data-driven claims solution.
Unlock relevant information
with cognitive data intake.
1 2
Material Prices
Labor Cost
Labor Efforts
Fraud indicators
Augment decision-support
with cognitive intelligence.
Communicate fast &
transparent with empathy.
More Time
Full Information
Customer Experience
+
=
3

18. Classification Information Extraction
Optical (Layout)
Region Detection (Computer Vision)
Table Detection (Computer Vision)
Message Parsing (Graphlets)
Classical Methods (Computer Vision)
RNN Text Sequence (Text)
Word2Vector (Text)
What
How
Algorithms
Textual (Context)
Regions of Interest + Labeled
Extraction
NL
P
NN Optical Classifier
NN NLP Topic Model
Utilities OCR OCR
We are pushing the boundaries of NARROW AI…
HTR HTR (Forms)
Line Detection
Image Alignment
Language Model

19. Why we can bet confidentially.
Unfair Advantage
We have unique access to millions of highly variable documents & types to train our AI modules.
Scalable Approach
§ Our production grade tech
platform can run, train, predict,
validate and re-train workflows
for any AI task.
§ Closed & fast feedback loops
§ Easy deployment into existing
system landscape without
interfering with daily operations
§ Small training sets required for
deployment
+[
Pre-trained AI Modules
§ Document Classification, Page
Classification, Entity Recognition,
Template Alignment &
Handwritten Text Recognition
§ High variety of different insurance
document classes: car & health
invoices, policies, e-mails, forms,..
(details see appendix)
§ Transfer learning capabilities
§ Advanced ground truthing,
validation & model versioning
system
+ ]
World-Class AI
Ecosystem
§ Decades of internal team
Machine Learning expertise
§ Exclusive collaboration with leading
research center for Computer Vision
(CVC Barcelona)
§ MIT Media lab collaboration
§ 250+ publications & papers
x

20. Its happening.
Insurance is in the middle of a
complete digital transformation.
EUR 3 bn
EUR 0,6 bnEUR 0,6 bn EUR 0,8 bnEUR 1 bn
Digitalisation investments until 2020

22. It takes a lot of energy to change things.

23. We are not alone.
THANK ALL OF YOU FOR YOUR TRUST AND ENERGY.

24. What would be different if we are successful?
Why is it worth is to fight for this change?

25. We enable insurance to become:
speed, fair & transparent1
more human, focus on us2
Intelligent & preventive3
truly personalized4

26. Join us for our ride toward towards the future.
We are searching for
strategic tech, ecosystem & insurance partners.

27. In order to embrace AI today….

28. ...we believe in embracing change and therefore vulnerability.

29. Breaking walls
§ https://www.youtube.com/watch?v=ihJZtcOqbUA
And this way we can break walls. TOGETHER. AND ONLY TOGETHER.

30. AI is our
huge opportunity
to leverage
human potential

31. HELLO@OMNIUS.COM

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Annual NOAH Conference in its 10th year
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30 successfully completed NOAH Advisors transactions
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The NOAH Advisors Core Banking Team
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Managing Director & Founder
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Managing Director
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Director
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Analyst
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