StarTree also announced launch of an automated anomaly detection application called ThirdEye, and unveiled the addition of vector support in the open source project.

Loading. Loading...MOUNTAIN VIEW, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- StarTree , a cloud-based real-time analytics services company, today announced a strategic investment from Citi.StarTree Cloud, powered by Apache Pinot™, is a real-time analytics platform for user-facing applications. It allows businesses and their customers to make critical decisions based on the freshest data, at scale, integrating both real-time data streams with historical insights. Typical use cases for financial services include fraud detection, portfolio risk monitoring, and other risk-related use cases that require real and near-real time accurate data. StarTree Cloud helps financial institutions maintain their risk positions and have audit trails for compliance. Other popular StarTree use cases include location-based services such as food delivery and freight logistics, personalization of online and retail shopping experiences, AdTech/MarTech, customer services, and more.Citi uses both the open-source Apache Pinot and StarTree Cloud to access trade and risk monitoring for its Markets business, where low latency, data accuracy, and query performance is critical.Citi made the investment through its Markets Strategic Investments unit and plans to roll out the solutions to more businesses across the bank."User-facing analytics have seen profound growth in recent years across all industries, accelerating the need for enterprise-ready, real-time data solutions

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