London / Immenstaad, September 09, 2021 – FinTech Global has named ACTICO among the 100 most innovative companies that are helping to transform the financial services space. The first annual Global AIFinTech100 list identifies the tech companies that are building AI and machine learning solutions capable of solving challenges or improving efficiency within finance.
A panel of industry experts and analysts reviewed a study of over 1,000 FinTech companies to find the 100 most innovative. ACTICO is recognized for its innovative use of technology to solve a significant industry problem, to generate cost savings or efficiency improvements across the financial services value chain.
AI has dominated discussions for many years and the sector has grown rapidly over the past few years. The pandemic forced many companies to accelerate their digitalization efforts, and this has helped boost the appetite for the technology.
Banks could experience a combined total of $447bn in cost savings by adopting AI technology, according to data from Business Insider Intelligence. The technology can be used across the entire financial services ecosystem, including compliance, insurance, banking, wealth management, lending and more.
FinTech Global director Richard Sachar said, “Now, more than ever, established financial institutions need to be aware of the latest AI and data analytics technology innovations in the market to ensure they deliver competitive financial products and reach new customers. The AIFinTech100 list helps senior management filter through all the solution providers in the market by highlighting the most innovative artificial intelligence companies in areas such as insurance, banking, investment and trading, lending, customer experience, compliance and fraud prevention.”
“AI technologies are increasingly integral to the world we live in, and financial institutions need to deploy these technologies at scale to remain relevant,” says Hans Jürgen Rieder, CEO of ACTICO. He continues: “The banks succeeding in their AI-First strategy will deliver personalized messages and decisions to millions of users and thousands of employees, in (near) real-time, across the full spectrum of engagement channels. AI techniques will augment or fully replace human judgment to produce significantly better outcomes (higher accuracy and speed), enhanced experience for customers, actionable insights for employees, and stronger risk management for the bank.”
With more than 125 customers in 25+ countries, ACTICO has built long-standing business relationships and understands the requirements of the financial industry.