The second edition of the AIFinTech100, which recognizes the best and most influential FinTech companies that are successfully using artificial intelligence and machine learning in a leading position to transform financial services, banking and related areas, has been launched.
This prestigious ranking gives visibility and analyzes the solutions of the most cutting-edge providers worldwide that develop artificial intelligence (AI) and machine learning technologies to solve challenges or optimize efficiency in finance and its ancillary industries.
The integration of AI and data analytics solutions by financial institutions has led in the last two years to accelerate technological and engineering advances, to expand the use of online channels and to allow banks to adapt in a convenient and automated way to changes in the regulatory frameworks of all countries around the world, both in the most dynamic and the most restrictive economies. According to the latest studies, it has been estimated that the potential cost savings for banks through AI applications will reach $447 billion in the next financial year.
Banking, insurance, customer experience, investment and trading, and regulatory compliance have all leveraged the advances of these vendors to grow, scale and optimize their operations. As such, the process of selecting the finalists for the final 2022 AIFinTech100 shortlist has been extremely competitive. A panel of industry experts and analysts used as a basis the research conducted by FinTech Global that resulted in more than 2,000 finalist companies to compose the final ranking with only 100 of them.
"Now, more than ever, established financial institutions need to be aware of the latest AI and data analytics technology in the market to offer competitive financial products and reach new customers. The AIFinTech100 list helps industry decision makers sift through all the vendors in the market, identifying innovative market leaders that will have a lasting impact on the industry and provide technologies of true quality and effectiveness." Richard Sachar, Head of Global FinTech.
The complete AIFinTech100 ranking and detailed information about each company's solutions, as well as why they have been selected, can be downloaded free of charge from the awards website.