FinTech Global has named Sybrin as one of the top 100 companies shaping the future of artificial intelligence (AI) in finance, placing it among the elite group on the fourth annual AIFinTech100 list.
This prestigious recognition highlights the industry’s leading innovators driving efficiency and innovation through AI. The renowned research platform meticulously selected finalists from over 2,000 nominated companies.
The announcement comes amid promising growth projections for AI in fintech. According to FinTech Global, the market is set to grow from $42.83 billion in 2024 to $50.87 billion by 2029. Banks are leading this adoption, with estimated spending on AI platforms reaching $4.9 billion by the end of 2024, reflecting a 21.8% compounded annual growth rate since 2019.
“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,” stated Richard Sachar, Director at FinTech Global. “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 and trading, and payments.”
Sybrin is at the forefront of this transformative trend. By harnessing the power of AI, machine learning, and data science, Sybrin offers a robust know your customer (KYC) solution. This intelligent solution streamlines onboarding processes by automatically screening against global sanctions and watchlists in real-time, flagging potential risks for further review while ensuring a quick and efficient experience for low-risk clients.
“Being named an AIFinTech100 leader is a tremendous honor,” said Stacey Japhta, Sybrin’s Executive Head of Growth. “This recognition underscores our unwavering commitment to innovation and empowering financial institutions, and other organizations, by leveraging AI to automate their business processes. We are passionate about risk mitigation and identity verification, and we firmly believe our AI-driven solutions equip our clients to navigate today’s complex landscape with confidence, ensuring both compliance and customer trust.”
Sybrin’s AI technology enhances accuracy and reduces workloads. A key advantage is its ability to continuously learn and adapt quickly to changes. Furthermore, it automates repetitive and mundane tasks such as processing, capturing, and authenticating vast data volumes, minimizing human error and freeing up resources to focus on higher-level priorities.
Source: msn.com
