FinTech Global, the specialist research and intelligence firm, today launches the new AIFinTech100 to list the most innovative companies offering Artificial Intelligence (AL) and Machine Learning (ML) technology solutions to the financial services industry.
The adoption of AI and ML has seen dramatic growth over recent years as financial institutions have undertaken digital transformation initiatives to enhance their operational capabilities, competitive positioning and profitability.
AI is impacting a wide range of areas such as fraud detection, personal finance, customer communications and insurance. The rate of adoption has increased during the pandemic due to the need to satisfy increased demand from customers for premium digital user experiences and from employees for hybrid working arrangements. As a result, the need for leaders of financial institutions to determine the leading AI solution providers has become paramount.
was produced to meet this need by identifying the 100 most innovative companies developing AI applications in financial services that every financial institution needs to know about to inform their digital transformation strategies.
The companies were selected by a panel of industry experts and analysts based on research produced by FinTech Global on over 1,000 FinTech companies.
“Senior decision-makers at financial institutions are aware the anticipated financial impact of AI on cost control and new revenue opportunities is huge, but much of the information in the marketplace is subject to confusion, hype or exaggeration,” according to Richard Sachar, a director of FinTech Global, “The AIFinTech100
enables them to identify the most relevant market-leading AI innovators.”
Companies awarded a place on the list include:
Actico: an international provider of software for intelligent automation and digital decisioning in financial services.
BehavioSec: technology leader for behavioural biometrics and continuous authentication, safeguarding millions of users and billions of transactions.
ComplyAdvantage: the global leader in hyperscale risk management designed to help hypergrowth companies find, minimize or eliminate the threat of financial crimes.
Dubber: the world's leading Unified Call Recording and Voice AI Platform.
Earnix: leading provider of predictive analytics with cutting edge Al/ML, delivering dynamic pricing and personalized products for global insurers and banks.
Muinmos: award-winning, AI powered client onboarding platform which onboards any client – retail, professional or institutional – globally within 3 minutes.
NICE Actimize: innovative technology provider of financial crime, risk and compliance solutions for global financial institutions.
Quant Infinity: FinTech company specialising in data science that develops algorithmic trading solutions based on AI and Machine Learning.
Quantiphi: award-winning AI-first digital engineering company, that helps enterprises transform Industry value-chain by reimagining their businesses with Data & AI.
Resistant AI: provider of oversight and protection for automated financial processes.
Turing Technology: technology firm using breakthrough AI to redefine and reinvent active investment management
A full list of the AIFinTech100 can be found at www.AIFinTech100.com. More detailed information about the companies is available to download for FREE on the website.