Muinmos Selected for Prestigious AIFinTech100
Muinmos has been selected as an AIFinTech 100 company for the second consecutive year. The prestigious ranking, announced today, highlights the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve efficiency in financial services.
The judges – a panel of industry experts who assessed over 2,000 FinTech companies – selected Muinmos for its use of AI in securing regulatory compliance across multiple jurisdictions. Muinmos was recognised for developing the only solution that fully automates the whole onboarding chain, from AI powered client categorisation to KYC/AML checks and automated client risk assessments.
The adoption of AI and data analytics solutions by financial institutions has exploded over the last two years accelerated by technological advancements, increased use of digital channels, and shifting regulatory frameworks. Additionally, the potential cost savings for banks from AI applications is estimated to reach $447bn over the next 12 months.
As a result, the number of tech providers employing AI or data solutions to solve challenges in areas such as banking, insurance, customer experience, investment & trading and compliance has skyrocketed. This made the selection process for this year’s AIFinTech100 list extremely competitive.
Richard Sachar, Director, FinTech Global said, “Now, more than ever, established financial institutions need to be aware of the latest AI and data analytics technology in the market to deliver competitive financial products and reach new customers. The AIFinTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by identifying the market-leading AI innovators which will have lasting impact on the industry.”
Remonda Kirketerp-Møller, Founder & CEO, Muinmos said, “We are thrilled to have been included in the AIFinTech 100 for the second consecutive year. This list recognises the most innovative FinTech companies using AI to transform financial services. It’s a fantastic endorsement for Muinmos.”
A full list of the AIFinTech100 and detailed information about each company is available to download for free at www.AIFinTech100.com