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AI and machine learning have changed financial services lately and are ready to completely alter the universe of payments soon. According to a report, "Artificial intelligence will save the banking industry more than US$1 trillion by 2030". The use of machine learning is redefining the number of things that are done inside the Fintech industry. Many machine learning startups working to improve the Fintech industry. This article features the top 5 best machine learning startups impacting the respective industry.
Axyon AI is an Italian Fintech startup that provides AXYON IRIS, an asset management platform. It combines big data, predictive analysis, and high-performance computing (HPC) to offer insights into complex market patterns. AXYON IRIS mitigates the need for manual market analysis and detects anomalies in the market data to improve prediction accuracy. It is one of the best machine learning startups impacting the Fintech industry.
Pirimid Fintech is an Indian startup that offers an early warning system for loan monitoring. The startup's software leverages ML to collate borrower information from banking data, trade details, social media sentiments, and digital footprints to identify trends and patterns.
US-based startup Token Metrics develops a crypto analytics platform. It utilizes machine learning to analyze on-chain data from Ethereum and Bitcoin, social sentiment trends, and daily market updates to provide cryptocurrency investment insights. It is one of the best machine learning startups impacting the Fintech industry.
AiDA is a Singaporean startup that provides a product suite for financial analytics and process automation. The startup's ML-based solutions allow banks and insurance companies to develop novel products for fraud detection, underwriting automation, and agent performance management.
UK-based startup Regvolution makes a risk and finance optimizer for banks and non-banking financial companies (NBFCs). The startup's solution analyzes regulatory data to detect data redundancies, verify relationships between variables, and optimize data processes. It is one of the best machine learning startups impacting the Fintech industry.
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