Emotics, founded in 2017, operates at the intersection of AI, Big Data, and Information Technology to address a prevalent issue within the financial services industry. The company is pioneering a suite of analytics solutions designed to enhance online compliance training effectiveness by ensuring genuine engagement and preventing misconduct such as cheating. By leveraging browser analytics, facial recognition, and micro-expression analysis, Emotics can provide detailed feedback on training content interaction.
The financial sector spends a staggering $7.4B annually on online training, yet leading banks still face $37B in fines, highlighting the inadequacies of current methods. Emotics aims to bridge this gap by making training content engaging and verifiable, thereby reducing financial misconduct and enhancing reportable outcomes for risk management.
The company received a Pre Seed Round investment in May 2019, supported by Startupbootcamp Australia. This backing underscores the potential recognized in Emotics' innovative approach to compliance solutions.
