The AI in Fintech solutions market in this report is defined as the summation of AI enabled Fintech solution and services. AI in Fintech refers to the theory and development of computer systems capable of performing finance related tasks which usually require human intelligence.
360Quadrants, the world’s only comparison platform that combines expert analysis with crowdsourced reviews, has released a quadrant on AI in Fintech Solutions to help businesses make quicker and more informed decisions.
AI in Fintech refers to the theory and development of computer systems capable of performing finance-related tasks that usually require human intelligence. It is an application of AI technology used in the financial sector to design investment strategies, detect anomalies with pattern & voice recognition, and conduct market analysis with data mining. The AI in Fintech solutions market for this quadrant is defined as the summation of AI-enabled Fintech solutions and services.
For this quadrant, the components of AI in Fintech are mainly segmented into solutions and software. Major application areas of AI in Fintech solutions are virtual assistants, business analytics & reporting, and customer behavioral analytics. These solutions have been analyzed based on cloud and on-premise deployment. Intel has been identified as a visionary leader in the AI in Fintech space given its high product quality and reliability. 25 top companies in AI in Fintech are listed on the quadrant.
Intel has been identified as a visionary leader in the AI in Fintech space given its extensive product features, high product quality, reliability, suitable channel strategy, and wide geographical footprint. 360Quadrants also lists competitors of Intel in the AI in Fintech space.
AI in Fintech offerings from Intel aims to deliver valuable insights and intelligence from data. The company has an established product portfolio with a robust market presence and business strategy. Some of the major developments of the company in the AI in Fintech space include:
Baidu collaborated with Intel to deliver AI solutions
Intel collaborated with Baidu to deliver end-to-end AI solutions. Baidu is leveraging Intel Xeon Scalable processors and the Intel Math Kernel Library-Deep Neural Network (Intel MKL-DNN) for leading China banks; Intel Optane technology and Intel QLC NAND SSD technology for enhanced object storage; and Intel OpenVINO toolkit in distribution and video solutions.
UOB and Intel collaborated to enhance advanced data analytics to fight against cross-border money laundering
United Overseas Bank (UOB) collaborated with Intel to test how cross-border Anti-money Laundering (AML) can be enhanced using advanced data analytics. Financial institutions focus on maintaining the privacy and security of customer’s banking activities. This analytics model facilitates algorithm sharing in different geographical data sites without the requirement of sharing data.
TCS partnered with Intel secure Quartz Blockchain Solutions
Tata Consultancy Services (TCS) partnered with Intel to integrate Intel® Software Guard Extensions (Intel® SGX) technology with the Quartz Blockchain solution. This integration will help improve the confidentiality and security of ecosystems based on blockchain implemented using Quartz. Quartz solutions can help customers isolate sensitive business data requiring confidentiality in an encrypted form.
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