FRISS included in Fintech Global’s AITech100

Fourth annual AIFinTech100 highlights the trailblazing firms transforming financial services

As companies in the financial sector continue to get to grips with the transformative potential of AI, FinTech Global has unveiled its 4th annual AIFinTech100. 

FinTech Global, a research platform, has today launched the latest edition of its annual AIFinTech100 list. The ranking highlights the leading movers and shakers who are creating a new era of artificial intelligence technologies in the financial sector to foster efficiencies and innovation. 

"We're thrilled to be included in this prestigious list. FRISS has been a pioneer when it comes to putting AI in to practice," states Ruud van Gerwen, Head of Marketing at FRISS. "There is much noise around the topic and everyone has it on the agenda. With our solutions however we have very clear use cases that show great results for our customers. Besides that we also advocate the necessity of responsible AI. As AI is here to stay, this is a topic that for me is more important than ever."

It has been almost 18 months since ChatGPT was launched back in November 2022, and the technology has transformed the way industry does and thinks about business. Countless financial institutions have found new ways to perform old tasks through AI – specifically Generative AI – and many see this trend only accelerating. 

Recent research has highlighted the ever-increasing investment in the technology within the FinTech space. The research found the AI market size in FinTech is expected to increase from $42.83bn to $44.08bn by 2024, and then to $50.87bn by 2029. 

Banks are also proving to be highly keen and are increasingly investing in AI – they are estimated to spend $4.9bn on AI platforms by 2024, a 21.8% compounded annual growth since 2019.

With the AI market currently experiencing such a rapid growth, the selection process for this year’s AIFinTech100 list was hotly contested. Finalists were picked by an esteemed panel of industry experts and analysts centred on research produced by FinTech Global on over 2,000 FinTech companies.

FinTech Global director Richard Sachar said, “Generative AI and Artificial Intelligence in general are opening opportunities in the financial services sector to not only get ahead of the competition but to also increase efficiencies and offer personalised products to clients. This year’s AIFinTech100 list details some of the best and the brightest in this area who are developing AI applications in areas such as banking, insurance, compliance, customer experience, investment & trading and payments.”

A full list of the AIFinTech100 and detailed information about each company is available to download for free at www.AIFinTech100.com.