Pune, India -- (SBWire) -- 04/05/2019 --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.
Digital Reasoning has been identified as an innovator 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 Digital Reasoning in the AI in Fintech space.
AI in Fintech offerings from Digital Reasoning 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 include:
Digital Reasoning receives strategic investment from Macquarie Group
AI, HBI, and LPA leader, Digital Reasoning, announced that it received a strategic investment from the Macquarie Group. This investment also includes a partnership to innovate on new use cases of financial services to spearhead its expansion into Australia and Asia. This investment follows the March 2018 Series D-1 USD 30 million funding round of Digital Reasoning, which is one of the most popular choices of global healthcare and financial institutions for insights on text, audio, and data analysis.
Corlytics Risk Detection gets boost with Digital Reasoning partnership
Corlytics and Digital Reasoning recently made an announcement that they will be collaborating for providing integrated regulatory intelligence and surveillance offerings to help financial institutions better assess risks using AI for surveillance. This will help organizations to formulate better strategies and eradicate loopholes in risk assessment.
Digital Reasoning receives usd 30 million with BNP Paribas joining the board
Digital Reasoning received USD 30 million in a funding round from BNP Paribas, which also made Angel Rodriguez-Issa, Global Head of Strategic Investments, Global Markets at BNP Paribas, a director on the board. This will result in Digital Reasoning better operationalize its AI systems and enhance its product portfolio to improve the level of innovation in AI, NL, and machine education, which will, in turn, help its clients expand their businesses.
Exclusive alliance between NASDAQ and Digital Reasoning formed
This exclusive alliance, which is in addition to NASDAQ's participation in the Series D investment round of Digital Reasoning, is expected to offer next-gen holistic surveillance tech to global capital markets. The combination of eComms monitoring of Digital Reasoning and the SMARTS Surveillance solutions of NASDAQ will result in the delivery of a unified integration that is capable of NL processing and machine intelligence-based tech.
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Contact:
Mr. Manoj Singhvi
manoj.singhvi@marketsandmarkets.com
MarketsandMarkets™ Research Private Ltd.
Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune - 411013, India
Phone: +1-888-600-6441
360Quadrants Recognizes Digital Reasoning as an Innovator in the AI in Fintech Space
The AI in Fintech market was valued at USD 1,337.7 million in 2017 and is projected to reach USD 7,305.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 40.4% from 2017 to 2022.