Expert.ai has been named in the 2024
AIFinTech100 in recognition of its state-of-the-art solutions and
outstanding contribution to the financial AI technology
landscape.
BOSTON, June 25,
2024 /PRNewswire/ -- Expert.ai, the industry leader
in providing AI-powered language solutions to enterprises, has been
named in the AIFinTech100, which recognizes the world's most
innovative AI solution providers for financial services selected by
a panel of industry experts and analysts.
According to the research firm FinTech Global, the AI market
size in FinTech is expected to increase from $42.83 billion to $44.08
billion by 2024, and then to $50.87
billion by 2029. Banks are increasingly investing in AI,
where they are expected to spend an estimated $4.9 billion on AI platforms by 2024, reflecting
21.8% annual growth since 2019. This year's AIFinTech100 list was
chosen by a panel of industry experts and analysts from over 2,000
FinTech companies in this growing market.
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 AIFinTech100 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."
The solution providers selected for the 2024 AIFinTech100 list
are recognized for using AI to solve a significant industry problem
or to generate cost savings or efficiency improvements across the
financial services value chain.
Leveraging a unique mix of AI and Generative AI, expert.ai
solutions for banking and financial services streamline
anti-money laundering activities, supporting know your
customer processes by monitoring different sources of
information, such as news, articles, social media streams, etc.
Through advanced AI capabilities, help desk operators or customers
can easily access needed information across specific websites or
internal portals, discovering knowledge and insight.
Expert.ai solutions also augment banking and financial
professionals as they can leverage AI to enhance risk
management processes and anticipate regulatory changes
by automating workflows and tracking changes of interest so that
they are up to date and compliant.
"This recognition is a testament to expert.ai's commitment to
providing innovative AI solutions for the evolving financial
industry that focus on solving business problems with a
human-centric, responsible AI approach," said
Umberto Pardi, Senior
Executive Vice President EMEA at expert.ai.
"Our inclusion in the AIFinTech100 is a source of great
satisfaction for us and an added incentive for our continued focus
on innovation in creating value for our customers."
A full list of the AIFinTech100 and detailed information about
each company is available to download at www.AIFinTech100.com.
About expert.ai
Expert.ai is the leading enterprise AI company solving complex
language challenges. Our solutions deliver key information for
publishers, streamline operations for insurers, drive revelations
for pharmaceutical giants, and enhance customer interactions within
financial services – all while automating traditional
labor-intensive methods. By combining deep domain expertise with
the finest attributes of Large Language Models, Machine Learning,
and Symbolic AI, we are at the leading edge of linguistic
advancements in hybrid AI. With a global presence in Europe and North
America, we proudly serve clients that include AXA XL,
Zurich Insurance Group, Generali, Sanofi, EBSCO, The Associated
Press, Bloomberg INDG, and Dow Jones. For more information,
visit https://www.expert.ai
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SOURCE expert.ai