10 Most Promising AI Companies Changing the Financial Services Industry

These are the top AI companies that are radically changing the financial services domain

There are no business sectors in the world that have not been transformed by artificial intelligence. AI is responsible for speed, accuracy, and efficiency in delivering financial services. The AI revolution includes machine learning algorithms and software that trigger growth and development in the financial industry. Here are the top AI companies that are changing the financial sector in 2022.

HighRadius

HighRadius offers cloud-based Autonomous Software for the Office of the CFO. HighRadius Autonomous Software combines the best of both worlds to deliver measurable business outcomes such as DSO reduction, working capital optimization, bad-debt reduction, reduce month close timelines, and improved productivity in under six months. It brings modern digital transformation capabilities like Artificial Intelligence, Robotic Process Automation, Natural Language Processing, and Connected Workspaces as out-of-the-box features for the finance & accounting domain.

Signifyd

Signifyd provides an end-to-end commerce protection platform that leverages its commerce network to maximize conversion, automate customer experience and eliminate fraud and consumer abuse for retailers. It is the leading provider of payment security and fraud prevention for companies across the world. It offers fraud protection, abuse prevention, account protection, and payment optimization efficiently and effectively.

Darktrace

Darktrace is a global leader in cybersecurity and AI-focused on delivering world-class technology that protects over 6,800 customers worldwide from advanced threats, including ransomware and cloud and SaaS attacks. The company's fundamentally different approach applies self-learning AI to enable machines to understand the business to autonomously defend it. It helps to rely on a digital immune system to avoid cyber disruptions without creating a huge impact on regular business operations.

Numerai

Numerai manages an institutional-grade long/short global equity strategy for the investors in a hedge fund. It transforms and regularizes financial data into machine learning problems for the global community of data scientists. The most accurate and original machine learning models from the world's best data scientists are synthesized into a collective artificial intelligence that controls the capital in Numerai's hedge fund.

Celo

Celo is a mobile-first blockchain optimized for peer-to-peer payments using only a mobile number. An Ethereum-compatible technology capable of reaching global users at scale, Celo is turning crypto into usable money with a multi-asset system: governance and staking asset (CELO) and a family of stablecoins (e.g., USD, cEUR). Since the launch of mainnet in 2020, Celo's network now supports 1000+ projects from builders, developers, and even artists, who every day create new applications and issue digital currencies from over 100 countries around the world.

ZestFinance

ZestFinance is focused on doing a more profitable lending system by leveraging cutting-edge technologies such as machine learning and artificial intelligence. It offers Zest Automated Machine Learning or ZAML software to provide the only solution for explainable AI in credit and to automate risk management efficiently and effectively. It powers credit and underwriting at global financial firms by consuming vast amounts of data. ZestFinance utilizes machine learning and data science to help companies make more accurate credit decisions.

Alphasense

AlphaSense is a market intelligence platform used by the world's leading companies and financial institutions. Since 2011, its AI-based technology has helped professionals make smarter business decisions by delivering insights from an extensive universe of public and private content—including company filings, event transcripts, news, trade journals, and equity research.

Signifyd

Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and consumer abuse for retailers. Signifyd's customers appear on the Fortune 1000 and Digital Commerce 360 Top 1000 lists. Digital Commerce 360 also named Signifyd the leading provider of payment security and fraud prevention for the Top 1000 Retailers for 2022.

SAP

SAP is a technology company that develops enterprise application software for companies and industries across diverse sectors. The company offers solutions covering various lines of businesses, including asset management, commerce, finance, human resources, manufacturing, marketing, sales, services, sourcing and procurement, supply chain, and sustainability as well as research and development, and engineering. It provides enterprise application software to various industries, including consumer, discrete manufacturing, public services, energy, and natural resources, financial services, and many other services.

Cape Analytics

CAPE Analytics uses deep learning and geospatial imagery to provide instant property intelligence for buildings across the United States. CAPE enables insurers and other property stakeholders to access valuable property attributes at the time of underwriting—with the accuracy and detail that traditionally required an on-site inspection, but with the speed and coverage of property record pre-fill.