Veteran entrepreneur Serge van Dam – a director and small shareholder in Montoux at the time of its liquidation – said FIS was essentially accusing the Wellington firm of using FIS code to train its AI.
In a Demand For Jury trial filed last month, FIS said, “Instead of designing and writing its own software – which would take years and cost millions of dollars – Montoux gives itself a massive head start (and relieves itself of developmental risk) by improperly accessing the ‘legacy’ platform’s code, i.e., [FIS] Prophet computer code, which takes only days or weeks and costs much less.”
Van Dam strongly refuted the accusation, saying Montoux was developing a new solution and had no interest in FIS’s “40-year-old legacy…
