AltaML Makes the List of Top FinTech Companies Leveraging Artificial Intelligence
AltaML has been recognized by FinTech Global, a specialized research platform, in its third annual AIFinTech100 list for its revolutionary work in the financial services industry.
This ranking highlights the world’s most innovative companies that are developing artificial intelligence (AI) and machine learning (ML) technologies to solve challenges or improve efficiency in financial services.
Since the launch of ChatGPT, AI has been a major talking point. Having captured the imagination of a broader audience, FinTech Global says financial institutions are further exploring how to incorporate AI into their businesses to transform operations.
“Generative AI tools like ChatGPT have shown how advanced AI technology has become,” said Richard Sachar, Director of FinTech Global. “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.”
“We started this business because of generative AI,” said Co-Founder and Co-CEO of AltaML, Cory Janssen. “While AI continues to grow in its prominence, our commitment to delivering relentless value to our partners remains unchanged. We’re proud the innovative solutions our team is delivering in the financial services sector are being brought to the forefront by FinTech Global.”
A recent survey from The Economist found that 85% of banks have a clear strategy for adopting AI in developing 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 savings of $447 billion for 2023.
“The advancement of AI is not going to slow down anytime soon,” said Nicole Janssen, Co-Founder and Co-CEO of AltaML. “As leaders in the AI industry, we must proactively educate others on its responsible utilization as AI becomes more ingrained in our daily lives. We recognize our immense power to impact society and don’t take that for granted.”
According to FinTech Global, the huge market opportunity for AI fostered a hotbed of tech providers building AI or data solutions to solve challenges in 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.
Discover the complete AIFinTech100 list of companies here.
AltaML is a leading developer of artificial intelligence (AI)-powered solutions. Working with organizations that want to use AI to leverage their data to develop solutions that drive tangible business results, AltaML empowers partners to create operational efficiency, reduce risks and generate new sources of revenue. Through a deep understanding of organizational pain points and challenges, AltaML’s solutions encompass the entire machine learning (ML) life cycle, from evaluating potential use cases and determining feasibility to piloting solutions, putting code into production, and ensuring model evolution.
Andrea Dion, Manager, Communications