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Top 10 Startups developing AI for Banking
Updated: February 02, 2024 |
AI for Banking allows to improve credit decisioning and helps lenders predict credit risk basing on customer big data.
1
Country: China | Funding: $2.6B
SenseTime develops face recognition technology that can be applied to payment and picture analysis, which could be used, for instance, on bank card verification and security systems.
SenseTime develops face recognition technology that can be applied to payment and picture analysis, which could be used, for instance, on bank card verification and security systems.
2
Country: France | Funding: $540M
Shift Technology leverages the best of data science to automatically detect networks of fraudsters in insurance.
Shift Technology leverages the best of data science to automatically detect networks of fraudsters in insurance.
3
Country: USA | Funding: $300M
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
4
Country: UK | Funding: $102M
Bud develops an open banking platform that enables users to access data from any financial product.
Bud develops an open banking platform that enables users to access data from any financial product.
5
Country: USA | Funding: $81.5M
Kasisto develops KAI Banking - conversational AI platform that is pre-loaded with thousands of banking intents and millions of banking sentences. It can fulfill requests, solve problems, predict customers’ needs, and improve performance on its own using machine learning.
Kasisto develops KAI Banking - conversational AI platform that is pre-loaded with thousands of banking intents and millions of banking sentences. It can fulfill requests, solve problems, predict customers’ needs, and improve performance on its own using machine learning.
6
Country: USA | Funding: $60.7M
Clinc develops intelligent personal financial assistant. Mobile, voice-activated, artificial intelligence platform enabling personal and instant answers for common or complex questions.
Clinc develops intelligent personal financial assistant. Mobile, voice-activated, artificial intelligence platform enabling personal and instant answers for common or complex questions.
7
Country: Israel | Funding: $44.1M
Intelligo uses AI and machine learning to speed up and automate background checks. Its solution, Clarity, uses AI, machine learning, and text analytics to capture and analyze structured and unstructured data points from thousands of sources.
Intelligo uses AI and machine learning to speed up and automate background checks. Its solution, Clarity, uses AI, machine learning, and text analytics to capture and analyze structured and unstructured data points from thousands of sources.
8
Country: USA | Funding: $24.7M
Simility helps companies prevent fraud and abuse in real time with machine learning, big data analytics and data visualization capabilities.
Simility helps companies prevent fraud and abuse in real time with machine learning, big data analytics and data visualization capabilities.
9
Country: Singapore | Funding: $14.8M
Active.Ai has built an advanced, proprietary conversational AI platform that can be easily deployed for financial institutions, insurance companies and capital markets.
Active.Ai has built an advanced, proprietary conversational AI platform that can be easily deployed for financial institutions, insurance companies and capital markets.
10
Country: USA | Funding: $7.7M
Merlon Intelligence services banks, helping them cut down on risk and put a stop to money laundering.
Merlon Intelligence services banks, helping them cut down on risk and put a stop to money laundering.