For more press information contact:
Abigail Johnson
Roeder-Johnson Corporation
650-395-7078
http://email.roeder-johnson.com

For more customer information contact:
Omniscience Corporation
info@omniscience.com

OMNISCIENCE ADDS NEW EXECS FOR ASIA

Asian Insurance and Financial Services Markets Growing Fast but Have Complex Business Problems that need the Company’s Advanced Computing and AI

Palo Alto, CA – December 10, 2019 – Omniscience today announced that it has added two top executives for Asian markets. Sakuya Morimoto is VP for Japan and Akihiko Katayama has been named VP for Hong Kong. The company’s initial focus is to bring its advanced computing and AI to the insurance and financial services industries, where the challenges of capturing new, high-value opportunities are very complex on many dimensions.

Several trends have led to substantial growth opportunities in these industries in much of Asia: the increasing aging of the populations and rise of spendable cash. Today, Japan is the second largest life insurance market worldwide. Emerging Asian economies, most of which are served by companies in Hong Kong, are growing very fast as well.

“Capturing these opportunities is more complex than ever for potential insurers” said Sunil Rawat, co-founder and CEO of Omniscience. “There’s a vast amount of data coming from many sources for each business decision and not enough expertise and insight to capture and grow the opportunities. We are addressing these hurdles.”

Moreover, the opportunities are further complicated by diverse regulatory environments and cultural norms in each market. Traditional products and approaches serving these sectors cannot handle the vast, hyperdimensional data without making approximations to come up with business decisions -- and taking weeks or months. Omniscience, on the other hand, delivers underwriting and capital management decisions rapidly and accurately.

Sakuya Morimoto joined Omniscience from Honda R&D Innovations where he was Managing Director leading Honda’s collaboration and equity investments in startups. Previously, Morimoto was COO of Exvision, a spin-out of University of Tokyo Ishikawa Lab. Prior to this, he was Sr. Director of Business Development in Asia at Canesta, which was acquired by Microsoft. He also worked at Sony, McKinsey and DeNA. Morimoto received a BA in Economics from Kobe University and an MBA from Stanford University.

Akihiko Katayama joins Omniscience from PWC where he has been the China and Hong Kong Emerging Technologies Leader and Digital Banking Consultant. Prior to this he was a management consultant with Alix Partners and Head of Decision Science for HSBC. Early in his career he was with Fair Isaac, GE Capital and Citibank. Katayama holds a BS in Operations Research from Columbia University, and an MBA from Kellogg – HKUST (a joint program from Northwestern University and Hong Kong University of Science and Technology).

“Not only do our customers find that Omniscience brings them a dramatic speed advantage for business decisions,” said Pallavi Ramnarain, VP of Business Development & Strategy to whom both Morimoto and Katayama report. “But we are able to help them see new lines of business and profitability which can have long term impact.”

About Omniscience

Omniscience (www.omniscience.com) is the first company to handle and decipher complex, hyperdimensional data sets without any approximations. This enables customers to make accurate business decisions, and find new, well-timed opportunities. The Omniscale computing model combines mathematical transformations, advanced AI and unique distributed computing to help insurance and financial services companies grow market share, save on costs, boost return on equity, and increase regulatory compliance. Over time many additional markets will also be able to use Omniscience to decipher the chaos in their environments. Based in Palo Alto, CA, investors in Omniscience include Reinsurance Group of America, TD Bank, Translink Capital and others.

OMNISCIENCE ADDS ORACLE EXECUTIVE AS VP OF ENGINEERING AND EXPERIENCED ENTREPRENEUR AS VP OF PRODUCT

Building the Team to Create Breakthrough Technology and Solutions for Complex Business Problems that aren’t Handled Well by Today’s Computing Models

Palo Alto, CA – November 21, 2019 – Omniscience today announced that Nandu Jayakumar has joined the company as VP of Engineering and Tom Niermann joined as VP of Products.  Omniscience technology and products use the company’s unique next-generation computing models and advanced AI to enable complex business decisions based on all the data in real time.

“Today’s broadly available computing models are, at best, delivering ‘approximately the right answer’ for complex business problem solving,” said Jayakumar.  “While this is ok for some applications, it just isn’t good enough for sophisticated and layered business problems, as in financial services and insurance, where vast numbers of human lives and large amounts of money are at stake.  We are solving this at Omniscience.”

With a multi-decade engineering career in which he has both envisioned and architected next generation computing models, Nandu Jayakumar is leading the Omniscience engineering team to build out the company’s breakthrough data science and artificial intelligence technologies.  Most recently, he was VP of Software Development at Oracle Corporation with the team that took the company’s analytics platform and products into the cloud.  Previously, at Visa Inc., Jayakumar led a global team in building services and access methods to Visa's centralized data platform (10’s of petabytes scale) with stringent compliance and security requirements; among other things, he also headed the technical architecture work related to Visa's strategic "Data Replatform" initiative to transform the management of data at Visa, and more. Prior to this, as the architect for Yahoo's advertising and audience data assets, Jayakumar was instrumental in many of the technology advances that defined the last decade in digital advertising. With a bachelor’s degree in electronics engineering from Bangalore University and a master’s degree in computer science from Stanford University, Jayakumar has spoken and written in multiple venues on big data, data analytics, and distributed computing technologies.

“We are creating an entirely new foundation and product set to handle some of the most difficult business problems of the next decade,” said Sunil Rawat, co-founder and CEO of Omniscience.  “Nandu is one of a handful of technologists to both be able to see the future and lead our engineering team to make it a reality.”

At Omniscience, Tom Niermann is responsible for leading product definition for products. With a deep background in entrepreneurship, he has specialized in developing unique and innovative approaches and products for startup companies wanting to create a network effect in competitive markets. Niermann worked at Google where he directed a team of product managers creating new business partnerships and oversaw the syndication of Adsense, Mobile, YouTube, Gmail, TV, Android, Content, and Checkout at Google. In addition to Google, Niermann founded 3 venture-backed companies serving in the roles of CTO and VP of Engineering. Tom has a Ph.D. in Computer Engineering from the University of Illinois, where he also received his BS and MS degrees.

“Our goal is to create powerful technology and products for customers in the financial services and insurance industries where the complexity of their requirements has not been deciphered yet and the future of their businesses is often at stake,” said Rawat.  “Tom is able understand customer needs and technology capabilities to see all the puzzle pieces and put them together into an entirely new kind of solution.”

About Omniscience

Omniscience (www.omniscience.com) is the first company to handle and decipher complex, hyperdimensional data sets without any approximations. This enables customers to make accurate business decisions, and find new, well-timed opportunities. The Omniscale computing model combines mathematical transformations, advanced AI and unique distributed computing to help insurance and financial services companies grow market share, save on costs, boost return on equity, and increase regulatory compliance. Over time many additional markets will also be able to use Omniscience to decipher the chaos in their environments. Based in Palo Alto, CA, investors in Omniscience include Reinsurance Group of America, TD Bank, Translink Capital and others.

Scroll to Top