Top 25 Finance AI Startups in 2021
Artificial intelligence is growing, and no industry or field appears to be immune to its influence and pervasiveness. Finance and banking are among the businesses that are figuring out how to make the most of this game-changing technology. Artificial intelligence has aided businesses in increasing profits by simplifying programmes and procedures, automating routine tasks, and enhancing customer service.
The majority of banks are aware of AI’s potential benefits, but it is now more important than ever due to the wider impact of COVID-19, which has influenced the banking industry and pushed more customers to adopt the digital experience. AI is expected to be used by businesses to make key business decisions in the near future. Customers’ reactions to a range of events and situations may also be predicted using AI.
The benefits of implementing AI in finance are:
- Task Automation
- Fraud Detection
- Delivering Personalized Recommendations
- Risk Assessment
- Fraud Detection and Management
- Financial Advisory Services
- Trading
- Managing Finance
Let’s learn about some of the Finance AI Startups:
Zest AI has been perfecting AI for consumer lending decisions, assisting lenders in making better judgments and better loans, resulting in increased revenue, lower risk, and automated compliance.
Vic.ai is a platform for accounting firms and corporate finance departments that uses artificial intelligence and assists accountants, CFOs, controllers, and accounts payable teams in becoming more productive and reducing mistakes on regular activities, while AI handles repetitive jobs, resulting in significant cost reductions and improved profit margins.
GCash is a micropayment service that turns your phone into a virtual wallet for safe, quick, and easy money transfers.
KarmaLife is an AI-powered, mobile-only, full-stack financial solution that gives blue-collar ‘digital gig workers’ with unpredictable cash flows greater financial leverage and protection.
Managing finances in today’s interconnected and materialistic world may be a challenging task for many of us, but we may expect AI to aid us with our financial management as we move further into the future. Another important advantage of AI is that it allows for a lot of personalization.
Artificial intelligence has already altered the course of several sectors, and its enormous potential is undeniable. As a result, it’s reasonable to anticipate greater use of AI in finance and to plan for the new opportunities it presents.
The blog here captures the topmost promising Finance AI Startups. To read the full blog in detail, visit Top 25 Finance AI Startups in 2021
If you want to learn more about such promising AI Startups, follow us.
Thank You!
