360Quadrants,
the world’s only comparison platform that combines expert analysis with
crowdsourced reviews, has released a quadrant on AI in
Fintech Solutions to help businesses make quicker and more informed
decisions.
AI in Fintech refers to the theory and development of
computer systems capable of performing finance-related tasks that usually
require human intelligence. It is an application of AI technology used in the
financial sector to design investment strategies, detect anomalies with pattern
& voice recognition, and conduct market analysis with data mining. The AI
in Fintech solutions market for this quadrant is defined as the summation of
AI-enabled Fintech solutions and services.
For this quadrant, the components of AI in Fintech are
mainly segmented into solutions and software. Major application areas of AI in
Fintech solutions are virtual assistants, business analytics & reporting,
and customer behavioral analytics. These solutions have been analyzed based on
cloud and on-premise deployment. Amazon has been identified as a visionary
leader in the AI in Fintech space given its high product quality and
reliability. 25 top
companies in AI in Fintech are listed on the quadrant.
Amazon
has been identified as a visionary leader in the AI in Fintech space given its
extensive product features, high product quality, reliability, suitable channel
strategy, and wide geographical footprint. 360Quadrants also lists competitors
of Amazon in the AI in Fintech space.
AI in Fintech offerings from Amazon aims to deliver valuable
insights and intelligence from data. The company has an established product
portfolio with a robust market presence and business strategy. Some of the
major developments of the company in the AI in Fintech space include:
AWS is a preferred cloud provider to Guardian Life Insurance
The Guardian Life Insurance Company of America (Guardian)
chose AWS to provide cloud to migrate production workloads to AWS. The Guardian
is closing its operated data centers and is reducing its IT operating costs.
AWS is a cloud provider to Active.Ai
Active.Ai chose AWS as its preferred partner to provide
cloud through its TRINITI platform to power the delivery of conversational AI
capabilities. This platform runs on AWS to provide customers an enhanced
experience. It also helps financial institutions and insurance companies
support voice-based transactions in the cloud.
AWS is a strategic cloud provider to the National Australia
Bank
The National Australia Bank (NAB) chose AWS to provide cloud
on a long-term basis, to migrate a number of applications. A cloud-first
strategy is adopted by NAB to deliver financial outcomes for a number of
customers globally. NAB also deployed an intelligent threat detection service,
Amazon GuardDuty that monitors any malicious activity and helps protect
customer data available in the cloud.
