TEL AVIV, Israel – (BUSINESS WIRE) – Earnix, a global provider of real-time AI-driven assessment, dynamic pricing, product customization and fully operationalized telematics solutions for insurance and banking, today announced that it has been named in the 2022 AIFinTech100 list of FinTech Global. This is the second time Earnix has been honored with this prestigious ranking that highlights the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve the efficiency of financial services.
“The FinTech Global The AIFintech100 list emphasizes the importance of advanced analytics and machine learning algorithms for financial service companies as a basis for analyzing the vast amounts of information needed to create the personalized offerings customers demand, says Reuven Shnaps, Ph.D., Chief Analytics Officer, Earnix. “I still expect the acceleration of digitalization and the need for personalization, and this honor celebrates Earnix’s ability to provide leading insurance companies and banks with the advanced machine learning and AI technology needed to transform their business and meet customers’ new expectations.”
The adoption of AI and data analytics solutions by financial institutions has exploded in the last two years, accelerated by technological advances, increased use of digital channels and changing regulations. In addition, the potential cost savings for banks from AI applications are estimated to reach $ 447 billion over the next 12 months.
As a result, the number of technology vendors using AI or computer solutions to solve challenges in areas such as banking, insurance, customer experience, investment and trade and compliance has skyrocketed. This made the selection process for this year’s AIFinTech100 list extremely competitive as the finalists were selected by a panel of industry experts and analysts based on research produced by FinTech Global on over 2000 FinTech companies.
FinTech Global CEO Richard Sachar said: “Now, more than ever, established financial institutions need to be aware of the latest AI and data analytics technology on the market to deliver competitive financial products and reach new customers. The AIFinTech100 list helps senior industry decision makers filter through all vendors in the market by identifying the market-leading AI innovators that will have a lasting impact on the industry. ”
A complete list of AIFinTech100 and detailed information about each company is available for free download at www.AIFinTech100.com.
About Earnix
Earnix is the leading provider of business-critical solutions that are compatible and intelligent and are designed to transform the way global insurance companies and banks operate. The solutions unlock value across all facets of the business, breaking away from the status quo imposed by older monolithic, inefficient systems.
Earnix’s solutions offer systemized, company-wide value with ultra-fast returns. There has been innovation for insurance companies and banks since 2001 with offices in America, Europe, Asia and Israel. For more information please visit: earnix.com.
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