Avibra announces inclusion on the AIFinTech100 list for 2022.
The AIFinTech100 is an annual list of the world’s most innovative artificial intelligence (AI) solution providers for financial services. The prestigious ranking highlights the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve efficiency in financial services. A panel of industry experts select companies they consider most likely to have a lasting impact on the financial industry.
The adoption of AI and data analytics solutions by financial institutions has exploded over the last two years accelerated by technological advancements, increased use of digital channels, and shifting regulatory frameworks. Additionally, the potential cost savings for banks from AI applications is estimated to reach $447bn over the next 12 months.
“The insurance industry has historically moved at a glacial pace in terms of innovation,” says Yogesh Shetty, founder and CEO of Avibra. “It’s taken a considerable amount of effort to shift the thinking around benefits like insurance, but we’re happy the conversation is finally coming to light, and this award proves that.”
The number of tech providers employing AI or data solutions to solve challenges in areas such as banking, insurance, customer experience, investment & trading and compliance has skyrocketed. This made the selection process for this year’s AIFinTech100 list extremely competitive as the finalists were selected by a panel of industry experts and analysts based on research produced by FinTech Global on over 2,000 FinTech companies.
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 in the market to deliver competitive financial products and reach new customers. The AIFinTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by identifying the market-leading AI innovators which will have lasting impact on the industry.”
A full list of the AIFinTech100 and detailed information about each company is available to download for free at www.AIFinTech100.com.
Avibra is a mission-driven company that provides affordable and accessible financial, insurance and wellness benefits to everyone. They offer tools and essential benefits to help everyday Americans reach their goals–like security and stability, even in a changing employment landscape.