4CRisk.ai Featured on AI FinTech 100 List of Trailblazing Firms Transforming Financial Services
June 18 2024 - 3:00AM
Business Wire
4CRisk.ai recognized as one of the World's 100
Most Innovative Al Technology Companies in Financial Services
FinTech Global, a research platform, launched the latest edition
of its annual AI FinTech 100 list highlighting the leading movers
and shakers who are creating a new era of artificial intelligence
technologies in the financial sector to foster efficiencies and
innovation. The selection process for this year’s AI FinTech 100
list was hotly contested. Finalists, including 4CRisk.ai, were
picked by an esteemed panel of industry experts and analysts
centred on research produced by FinTech Global on over 2,000
FinTech companies.
Established in 2020, 4CRisk products leverage advanced AI
techniques to connect regulatory and business data, helping
organizations gain efficiency and agility and reshape their
approach to compliance, security, privacy and risk management.
Customers experience benefit levels of magnitude greater with
4CRisk products, with results delivered up to 50 times faster than
current manual methods.
“We are thrilled to be recognized by Global Fintech as one of
the World's 100 Most Innovative Al Technology Companies in
Financial Services. Businesses spend up to 10% of revenues staying
compliant and keeping pace with regulations and standards, with 55%
of the spend on human capital – it’s not sustainable. To address
these challenges, we offer a modern AI platform supporting the
specific needs of regulatory, risk, security, privacy and
compliance professionals, revolutionizing the way they work,” said
Venky Yerrapotu, CEO and Co-Founder, 4CRisk.ai
FinTech Global director Richard Sachar said, “Generative AI and
Artificial Intelligence in general are opening opportunities in the
financial services sector to not only get ahead of the competition
but to also increase efficiencies and offer personalised products
to clients. This year’s AI FinTech 100 list details some of the
best and the brightest in this area who are developing AI
applications in areas such as banking, insurance, compliance,
customer experience, investment & trading and payments.”
Unlike other AI tools that rely on generic language models in
the public domain, 4CRisk.ai provides a new generation of AI
technologies and models trained explicitly for the risk and
compliance domain to automate the manual and effort-intensive tasks
of risk, regulatory, security, privacy and compliance
professionals, providing results in minutes rather than days, and
days rather than months. This dramatic decrease in time and effort
frees professionals to focus on more strategic concerns.
Supradeep Appikonda, Co-Founder and COO, 4CRisk.ai, added, “Our
products provide organizations with the opportunity to gain the
transformative benefits of AI while operating in a robust and
secure cloud environment that incorporates Responsible and
Trustworthy AI and Zero-Trust Security principles. We are delighted
to be recognized as a trailblazer on the AI FinTech 100 List by the
esteemed panel of industry experts and analysts from FinTech
Global.”
4CRisk product highlights include:
- Regulatory Research allows compliance professionals to
seamlessly search across authoritative sources, including
regulators, laws, and standards to gain insights required to build
curated rule books applicable to their organizations.
- Regulatory Change Management allows organizations to
proactively keep pace with the velocity of change across all
applicable rules, regulations and laws while mitigating compliance
risks by aligning policies, procedures and controls with regulatory
changes.
- Compliance Map allows compliance professionals to assess the
design efficacy of their compliance program by comparing their
external obligations to their internal control environment by
matching rulebooks (regulations, rules, and laws) to applicable
governance artifacts (policies, procedures, contracts and
controls).
- Ask ARIA Co-Pilot provides up-to-date, highly accurate,
contextually relevant answers to complex queries for the front and
second line. ARIA analyzes an organization’s documents and laws to
answer day-to-day business questions – saving up to 90% of time and
effort.
About Global Fintech AI FinTech 100: www.FinTech.Global. A full
list of the AI FinTech 100 and detailed information about each
company is available to download for free at
www.AIFinTech100.com.
About 4CRisk.ai. www.4crisk.ai 4CRisk’s revolutionary AI
platform empowers regulatory, risk, and compliance professionals to
automate manual tasks and achieve breakthrough results. Established
in 2020, 4CRisk.ai products leverage advanced AI techniques to
connect regulatory and business data, helping organizations gain
efficiency and agility, to reshape how they approach compliance and
risk management.
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Yo McDonald +1 343 204 6150 ymcdonald@4crisk.ai