We’re delighted to announce that IMTF has achieved another significant milestone today by securing a place on the AIFinTech100 list for the second time in a row.
This recognition underscores IMTF’s position as a leading global company dedicated to the development of cutting-edge artificial intelligence and machine learning technologies designed to improve financial services. The list, compiled by FinTech Global, showcases the most forward-thinking solution providers striving to address challenges and optimize efficiency within the financial sector.
AI has garnered significant attention since the introduction of ChatGPT in November 2022. Its potential to reshape operations has captivated financial institutions, prompting them to explore its integration for transformative purposes. According to a recent survey by The Economist, 85% of banks have developed clear strategies for incorporating AI into the development of new products and services. The allure of cost savings is one of the driving factors, with a report from Insider Intelligence revealing that North American banks could potentially save a combined total of $447 billion in 2023.
The vast market potential for AI has fostered a thriving ecosystem of technology providers focused on developing AI and data-driven solutions to tackle challenges in banking, insurance, customer experience, investment and trading, as well as compliance. Consequently, this year’s selection process for the AIFinTech100 list was exceptionally competitive. A distinguished panel of industry experts and analysts meticulously evaluated over 2,000 FinTech companies based on research conducted by FinTech Global.
FinTech Global director Richard Sachar said,
“Generative AI tools like ChatGPT have shown how advanced AI technology has become. Financial institutions will need to explore how they can leverage the latest AI and data analytics technology, or they risk being left behind by competition. The new AIFinTech100 list gives senior decision-makers the knowledge of the best vendors in the market and those leading the charge on innovation.”
To learn more about the list, please visit AIFinTech100 website.
At IMTF, we use advanced analytics and machine learning to detect criminal activities and evaluate risks, making your compliance operations more efficient and helping you make the world a safer place! To learn more about our solutions, click here.
