BGL is proud to be featured in the third annual AIFinTech100 list!
BGL is proud to be recognised in the 2023 AIFinTech100 list launched by FinTech Global, which recognises the top 100 innovative companies that are developing AI and machine learning technologies to solve challenges or improve efficiency in financial services. We are thrilled to be part of the next generation of solution providers shaping the future of the financial services industry. Selected by a panel of industry experts and analysts, the AIFinTech100 list includes companies that every financial institution needs to know about as they consider and develop their digital transformation strategies and new customer propositions.
Since the launch of ChatGPT in November 2022, AI has been a major talking point. AI has captured the imagination of everyone, with financial institutions now exploring how they can incorporate it to transform their operations. A recent survey from The Economist found that 85% of banks have a clear strategy for adopting AI in the development of new products and services. One of the biggest draws to the technology is cost savings. A report from Insider Intelligence claimed North American banks have a combined potential cost saving of $447bn for 2023.
The huge market opportunity for AI has created a hotbed of tech providers building AI or data solutions to solve challenges in areas such as banking, insurance, customer experience, investment and trading and compliance. As a result, the selection process for this year’s AIFinTech100 list was exceptionally competitive. Finalists were chosen 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, “Generative AI tools like ChatGPT have shown how advanced AI technology has become. Financial institutions will need to explore how they can leverage the latest AI and data analytics technology, or they risk being left behind by the competition. The new AIFinTech100 list gives senior decision-makers the knowledge of the best vendors in the market and those leading the charge on innovation.”
A full list of the AIFinTech100 and detailed information about each company is available to download for free at http://www.aifintech100.com/.
