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.
Artificial Intelligence (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.
IBM
Watson Platform 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 competitors
of IBM Watson Platform in the AI in Fintech space.
AI in Fintech offerings from IBM aim 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:
• Watson
Financial Service by IBM to pioneer cognitive RegTech
IBM has launched Watson Financial Service has launched the
first ever set of cognitive solutions for professionals from the financial
sector to help them manage responsibilities pertaining to regulatory and
fiduciary requirements. This solution
can be deployed on IBM Cloud helps professionals tackle regulatory
requirements, generate enhanced insights into possible financial crime, and use
a new architectural approach to manage financial risks.
• IBM
Watson and SIX partner for cognitive security operations center
SIX is an operator in the Swiss financial sector. With IBM
Watson it aims to enhance its cyber security at its new cognitive security
operations center in Switzerland to ensure locally available support for cyber
security services as per the requirements of the region.
• IBM
partners with Bluewolf to launch new Salesforce practice in India
IBM and Bluewolf have partnered to formulate a Salesforce to
enhance customer experience and digital transformation in India. This service
analyses unstructured data from within or outside a company to obtain insights
and enhance decision-making across multiple departments.
About 360Quadrants
360Quadrants provides equal opportunities to all
stakeholders, thus reducing prejudice. Vendors get to win ideal new customers,
customize their quadrants, decide key parameters, and position themselves
strategically in a niche space, to be consumed by giants and start-ups alike.
360Quadrants aims to simplify and de-risk complex purchase decisions by
providing buyers with real-world insights from their peers, industry experts,
analysts, and vendors, helping buyers make more informed decisions and finding
the best-fit solutions faster. Experts get to grow their personal brand and
increase their thought leadership. The platform targets the building of a
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