AI in Fintech Solutions in Asia-Pacific

The IBM Watson platform offers various products and services for the AI in Fintech market; Watson Financial Services delivers solutions such as Customer Insight and Risk & Compliance for the financial industry. The Customer Insight solution includes cognitive capabilities that help identify the behavior of customers.

Microsoft is focused cloud-based for business, helping financial firms big and small enable intelligent industry transformation with data and artificial intelligence (AI). Microsoft technology, partner solutions and industry contributions are designed to help financial services businesses compete, innovate and succeed in the future. Microsoft solutions are helping firms to do things like grow retail banking business with next-best-action software, spot and fight financial crime, and improve customer relationships with multichannel customer experience solutions

The company offers its Einstein platform for financial industry applications. It also offers a CRM platform for financial advisors that helps them get a client's financial account information as well as family wealth ecosystem.

The company specializes in offering speech-to-text, text-to-speech, and image recognition capabilities. It also offers a toolkit to help developers create financial applications on the Amazon Web services platform.

Intel offers hardware as well as software solutions in the AI in Fintech market. Intel’s Movidius Neural Compute Stick, Intel Xeon Scalable Processor, and Xeon Phi Processor support high-performance computing applications in BFSI sector. Intel also offers software tools to build financial applications.

Google Cloud Platform is able to recognize the trends in large datasets from diverse sources and archive large amounts of sensitive data. To keep up with massive computing demands, financial institutions like HSBC are moving their data to Google Cloud Platform (GCP). GCP runs on the same infrastructure and private fiber network that power Google, offering the client the scale needed to run training algorithms, portfolio analysis, and risk modeling at the speed of their business.

Inbenta offers various AI-enabled solutions to the BFSI sector that include eCommerce search, InbetaBot, support ticketing, and enterprise search. These solutions also leverage AI capabilities such as NLP, sentiment analysis, and instant answers to better understand customer behavior and provide more personalized services.

Nuance offers a virtual assistant, Nina, who is able to understand what customers are looking for, in order to better serve them. Nuance also offers a live chat solution that helps customers by routing them to the proper agents in order to meet their needs.

Active.Ai empowers banks and other financial institutions to intuitively and intelligently engage customers on mobile, chat, or voice-enabled IoT devices using Artificial Intelligence. The AI platform combines specialized solutions using artificial intelligence and Natural Language Processing to deliver seamless conversational interactions to provide financial services.They manage and build low cost, customer-centric digital channels with out of box support for current accounts, loans, Trade finance, treasury, payments, service request, virtual agents , lead generators for corporate and SMB Banking.

Nextfinance helps in effectively verifying new technologies needed for digital finance by using the digital platform.Nextfinance helps in the quick application by proven services including Digital Identity, Digital Payment, Digital Finance Concierge, and AI Virtual Assistant, to your business.It helps in expanding the ecosystem by leveraging new technologies and services which is continuously applied to platforms.

Ipsoft offers Amelia, a virtual agent, deployed by financial institutions in their IT service desk to increase the efficiency of operations. The company also provides IPCENTER, an autonomic IT management platform, that helps increase the volume of IT operations, along with improved response, fewer error rates, and zero downtime.

The company offers big data analytics and AI-based solutions that help financial firms in intelligent decision-making when dealing with regulations related to bribery and corruption, terrorist financing, sanctions, and money laundering.

Digital Reasoning System’s software uses artificial intelligence to analyze text and audio communication. It breaks down analytics silos and equips surveillance professionals to progress a human-centric approach to conduct risk mitigation. It integrates communication data to reveal hidden behavior, intentions, and emotions behind conduct risk. It also scans opportunities and trends from various sources such as emails, chat messages, social media posts and phone calls. The company also provides voice analytics technologies. It develops software for accurate transcription with the help of individual customer’s data and offers a seamless monitoring and investigating tool.

DataRobot offers an automated ML platform for data scientists of all skill levels to build and deploy accurate machine learning models in a fraction of time.

The company develops consumer lending platform that utilizes AI-based credit scoring. The company feeds a mix of online data and traditional credit intelligence to its machine learning algorithms to decide whether a customer is eligible for a loan. Applications are made online and the approval process is automated with the company aiming to become a one-click loan provider.

AppZen delivers the world’s leading AI platform for modern finance teams. They automate the manual process, uncover problems, and optimize decision making for large organizations. Their platform combines patented deep learning, computer vision, and semantic analysis with intelligence from thousands of online data sources to understand financial transactions in a business context and make decisions before those transactions happen for customers.

AIDA Technologies offers solutions based on AI and predictive analytics for financial services. These include solutions for customization and maintenance along with compliance and risk analytics. This helps organizations act preventively rather solving problems after they occur.

Anodot monitors behavior of operational metrics and proactively prevent security and performance issues. All data sources are integrated into a centralized platform, where AI models learn how metrics behave at the granular level. It ensures trust, reliable performance, and constant availability.

Voyager Labs has created the first real solution to this lending squeeze. They are leading artificial intelligence and cognitive learning company who is entirely focused on deriving valuable, actionable insights from the vast amounts of data in the social sphere. Voyager Finance brings lenders of all kinds a new and highly accurate social scoring layer, for enabling to evolve portfolio to a more profitable one.

FeedZai offers products for fraud management, anti-money laundering solutions, and account opening. The company’s products enable users to score transactions for credit, debit, ATM, and digital wallets for payments. It also validates payments and transactions and reduces false declines. It streamlines enrollment processes for checking accounts, credit, debit, and prepaid cards. It helps users to respond to loan applications faster. It also enables account verification, KYC, OFAC and ID checks. It monitors payment types across all business units and creates unique customer profiles to track trends and observe anomalies. It also screens transactions against a list of sanctions.

Next IT's AI-based conversational technologies help financial institutes drive revenue, streamline processes, and improve customer engagement by offering intelligent interfaces.

Brighterion provides a comprehensive portfolio of AI and ML technologies that can enhance data to enable real-time decisions. AI platform that works in any industry, with any data source, regardless of type, complexity or volume.

Clarity Money harness the power of artificial intelligence (AI), machine learning and data science to personalize customers experience for financial services.They support the financial journey through transparency, simplicity, and ease. Clarity combines machine learning with artificial intelligence to create a product that can help in managing money. They analyze customers accounts and spending patterns, and deliver insights to them.

Aire provides credit assessment services that give people a new credit score to help them qualify for essential financial products. Aire builds insights on classified transaction data and helps lenders in assessing a range of dimensions such as affordability and indebtedness leading to better outcomes and customers. This also helps in improving the overall score of the performance of the lender, adding notable credit risk differentiation.

Big brain is the first Deep Learning Data Science Platform that automates the data preparation, modeling, evaluation, and deployment of deep learning solutions at scale.

ZAML is a machine learning credit and risk modeling solution with end-to-end explainability. It is fast and powerful and offers unique transparency with regards to fees and processes. Zest’s Automated Machine Learning (ZAML) enables lenders to analyze non-traditional data, including data they already have in-house, such as customer support data, payment histories, and purchase transactions.

Finitive is a financial technology platform providing institutional investors with direct access to alternative lending investments. Finitive’s originator partners can gain efficient access to capital via a global network of investors who are actively allocating to alternative lending. 

Alpaca’s proprietary dashboard AlpacaForecast uses artificial intelligence to predict market moves. The prediction matrix enables users to see short term price forecasts for various financial markets. The company also provides AlpacaRadar/Search which uses historical data to identify real-time price movement. It offers users charts for pattern recognition, extraction of multi-timeframe and multivariate relationships from price movements and expected return estimation based on return probability distribution.

Avant operates an online marketplace that provides users with access to personal loans to consolidate debt, to pay for their personal financial use. Through the use of big data and machine-learning algorithms, the company offers a customized approach to streamline credit options.

CreditVidya is the leading player in the alternative credit scoring space in India. They are focusing on leveraging alternative data, AI and machine learning to facilitate institutional credit for the underserved. The products help lenders in decision making, reduces costs, prevents fraud and increases profitability.

Algoriz is an artificial intelligence tool that enables users to build, automate and backtest trading strategies based on alternative and traditional sources of data. It helps design executable strategies by typing out ideas in plain English. It also provides standardized modules. It provides users with a simulated matching engine as well to test various algorithms.