We have some exciting news to share: the distinguished AIFinTech100 list for 2023
has been revealed, highlighting the most innovative companies shaping the future of the industry. Refine Intelligence was selected from among the thousands that were considered and judged by a panel of industry experts, solidifying our position as a key player driving the future of financial services.
In the rapidly evolving landscape of financial services, AI has emerged as a true game-changer, offering transformative solutions and unlocking new possibilities. The potential benefits are enormous, with cost savings alone projected to reach a staggering $447 billion for North American banks in 2023, according to a report from Insider Intelligence.
Challenging the Status Quo in Financial Crime Investigations
In an era where financial institutions have faced challenges in truly understanding their customers, our groundbreaking "catching the good guys" approach addresses the critical issue of false positives generated by AML or scam models. By recognizing that most anomalies triggered by these models are actually legitimate activities, we shift the paradigm and enable financial institutions to allocate their fraud-fighting resources more effectively. Our approach not only enhances operational efficiency but also bolsters customer trust by minimizing unnecessary disruptions and investigations.
The AIFinTech100 list can serve as a resource for senior management and technology executives, offering valuable insights into the market potential and success of AI applications in financial services. Get the full report here.