Jacksonville, Fla.-based Black Knight Inc. has acquired Philadelphia-based HeavyWater, a provider of artificial intelligence and machine learning services focused on the financial services industry.
The acquisition will help Black Knight integrate HeavyWater's product AIVA, or artificial intelligence virtual assistant, into its solutions, while ensuring that the technology is made available to clients that want to implement artificial intelligence and machine learning in their organizations.
HeavyWater has used AIVA to help lenders verify borrower income, assets and insurance coverage.
