Europe has the second largest market share in AI in Fintech. There is rapid digitalization of financial organizations and an increasing demand for business analytics and customer behavioral in Europe, leading to a high growth rate in AI in Fintech. Financial organizations in Europe also have the technical expertise as well as IT budget to implement AI enabled Fintech solutions. This attract big companies such as Google, Amazon, Salesforce, Intel to set up presence in this market. There is steady growth in AI in Fintech in Europe.
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
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.
Amelia uses business intelligence drawn from distinct interaction integrated with data held in enterprise core systems. It uses advanced analytics like deep learning to evaluate substantial amounts of data and act on new insights which allows to make real-time decisions that provide better outcomes.
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.
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.
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.
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.
Shift Technology leverages the best of data science to automatically detect networks of fraudsters in insurance and e-commerce. The solution is integrated to deliver cutting edge Big Data platform and is provided with SaaS model. They help insurers defeat fraudster, streamline claim workflows, accelerate claim solutions and also bring straight-through processing and reach.
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.