360Quadrants powered by
MarketsandMarkets™, the world’s only comparison platform that combines expert
analysis with crowdsourced insights has released a quadrant on AI in Fintech
Solutions to help businesses make quicker and more informed decisions. The
quadrant has Kasisto Kai Banking, Next IT Alme, ZestFinance sharing space as Emerging
Companies. 360Quadrants are generated post analysis of companies (product
portfolios and business strategy). Quadrants will be updated every three
months, and the position of vendors will reflect how buyers, industry experts,
and other vendors rate them on different parameters.
AI in Fintech Solutions Quadrant Highlights
360Quadrants
states AI in Fintech as the theory and development of computer systems capable
of performing finance related tasks which usually require human intelligence.
It is an application of AI technology enabled with the financial sector in
various forms such as designing investment strategies, anomaly detection with
pattern recognition, voice recognition, text mining, semantic analysis, and
market analysis with data mining. 360Quadrants covers 37 companies in the AI in
Fintech Solutions space and places the top 25 of them in a quadrant depending
on their quality, reliability, and business outcome. These 25 companies are categorized into Visionary Leaders, Dynamic
Differentiators, Emerging Companies, and Innovators.
360Quadrants
recognizes Intel Movidius Neural Compute Stick, Amazon AWS Alexa, Salesforce
Einstein, Google Cloud Platform, Microsoft Cortana Intelligence Suite, and IBM
Watson Platform as Visionary Leaders; IPSoft Amelia,ComplyAdvantage, Nuance Virtual
Assistance, Inbenta
InbentaBot, Digital Reasoning Conduct Surveillance as Innovators; Samsung Bixby and Microstrategy HyperIntelligence as Dynamic Differentiators; and DataRobot,
Razorthink Big Brain, Numenta HTM for Stocks suite, Anodot AI Analytics,
Brighterion Smart Agents, Kasisto Kai
Banking, Next IT Alme, ZestFinance ZAML, Ayasdi
Enterprise AI, Voyager Analytics, AlphaSense and Wallet. AI as Emerging Companies. The 360Quadrants
platform provides the most granular AI in Fintech
Solutions comparisons between vendors.
Methodology
The
methodology used to rank AI in
Fintech Solutions companies involved the use of
extensive secondary research to identify key vendors by referring to annual
reports, press releases, investor presentations,
white papers, and various related directories and databases. 25 key vendors
were shortlisted on the basis of their breadth of product offerings,
organization size, and other criteria. The scores and weights for shortlisted vendors against each
parameter were finalized post research. After
the ratings were finalized, each vendor was placed in respective
quadrants based on their score in the product offering and business strategy
parameters.
Recent
activities in the AI in Fintech solutions sector covering Kasisto include:
Kasisto
teams with Blue Turtle for KAI, its AI platform for intelligent conversations
Kasisto
leads the finance industry when it comes to conversational AI software. It has
recently teamed up with Blue Turtle Technologies, a leading South African company providing
solutions for enterprise technology management.
Through
this agreement, Blue Turtle will be an official reseller for KAI, Kasisto’s
conversational AI platform, and will bring this advanced AI platform to
clients. Blue Turtle will also integrate KAI into its FinTech solutions portfolio
to allow clients to execute secure, real-time customer interaction.
KAI
powers omni-channel virtual assistants and bots with deep expertise in the
financial domain. It works across websites, mobile applications, messaging
platforms, and voice-enabled devices and allows financial institutions to
acquire customers and engage with them through intelligent human-like conversations.
Kasisto’s
KAI is proficient in banking; bots and assistants powered by it can assist customers
with managing money, tracking expenses, analyzing spending, making payments,
and other activities. Through contextual, personalized conversations, KAI fulfils
requests, solves problems, and predicts client needs.