FinTech Global, a research platform, has unveiled the latest edition of its annual AI FinTech 100 list, highlighting the leading innovators driving a new era of artificial intelligence technologies in the financial sector to enhance efficiency and foster innovation.
This year’s selection process for the AI FinTech 100 list was highly competitive. Finalists, including 4CRisk.ai, were chosen by a distinguished panel of industry experts and analysts, based on extensive research conducted by FinTech Global on over 2,000 FinTech companies.
Founded in 2020, 4CRisk.ai leverages advanced AI techniques to integrate regulatory and business data, enabling organizations to improve efficiency and agility in compliance, security, privacy, and risk management. Customers benefit significantly from 4CRisk.ai products, with results delivered up to 50 times faster than traditional manual methods.
“We are thrilled to be recognized by FinTech Global as one of the World’s 100 Most Innovative AI Technology Companies in Financial Services. Businesses spend up to 10% of revenues to stay compliant and keep pace with regulations and standards, with 55% of the expenditure on human capital – it’s not sustainable. To address these challenges, we offer a modern AI platform tailored to the specific needs of regulatory, risk, security, privacy, and compliance professionals, revolutionizing their work,” said Venky Yerrapotu, CEO and Co-Founder of 4CRisk.ai.
FinTech Global director Richard Sachar remarked, “Generative AI and artificial intelligence, in general, are opening opportunities in the financial services sector to not only outpace the competition but also to increase efficiencies and offer personalized products to clients. This year’s AI FinTech 100 list showcases some of the brightest in the field who are developing AI applications in areas such as banking, insurance, compliance, customer experience, investment & trading, and payments.”
Unlike other AI tools that use generic language models from the public domain, 4CRisk.ai provides a new generation of AI technologies and models specifically trained for the risk and compliance domain. This specialization automates the labor-intensive tasks of risk, regulatory, security, privacy, and compliance professionals, delivering results in minutes instead of days, and days instead of months. This significant reduction in time and effort allows professionals to focus on more strategic concerns.
Supradeep Appikonda, Co-Founder and COO of 4CRisk.ai, added, “Our products enable organizations to reap the transformative benefits of AI while operating in a robust and secure cloud environment that incorporates Responsible and Trustworthy AI and Zero-Trust Security principles. We are delighted to be recognized as a trailblazer on the AI FinTech 100 list by the esteemed panel of industry experts and analysts from FinTech Global.”
Key features of 4CRisk.ai products include:
- Regulatory Research: Enables compliance professionals to seamlessly search across authoritative sources, including regulators, laws, and standards, to build curated rule books applicable to their organizations.
- Regulatory Change Management: Allows organizations to proactively stay ahead of changes in rules, regulations, and laws, while mitigating compliance risks by aligning policies, procedures, and controls with regulatory changes.
- Compliance Map: Helps compliance professionals assess the design efficacy of their compliance program by comparing their external obligations to their internal control environment, matching rulebooks to governance artifacts such as policies, procedures, contracts, and controls.
- Ask ARIA Co-Pilot: Provides up-to-date, accurate, contextually relevant answers to complex queries, saving up to 90% of the time and effort. ARIA analyzes an organization’s documents and laws to answer day-to-day business questions efficiently.
4CRisk.ai has been recognized as one of the World’s 100 Most Innovative AI Technology Companies in Financial Services.
Source: businesswire.com
