July 12, 2022

PureFacts has been named to the AIFintech100 list by Fintech Global

1 min read

We are pleased to announce that, for the second year in a row, PureFacts has been named to the AIFintech100 list by Fintech Global. This prestigious list, selected by industry experts and analysts, includes the world's most innovative companies that develop AI technologies for financial services.

PureFacts' AIFinTech100 recognition is a testament to the hard work our team has put in. We are very proud of this achievement and will continue to forge ahead with innovation and excellence to provide the best value for our clients.

Companies on the list are building AI and machine learning technology that solves challenges and improves efficiency in financial services.

AI and data analytics has been a major development for the financial sector over the past few years and the pandemic has only accelerated the demand for the technology. These solutions can help companies boost efficiency, reduce manual workloads and more.

A report from IDC claimed that the total potential cost savings for banks from AI applications is estimated to reach $447bn by 2023.

With such a burgeoning sector, a panel of industry experts made their assessment for the AIFinTech100 based on research on over 2,000 FinTech companies.

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.

FinTech Global director Richard Sachar said,

“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.”

With a list of the biggest names in the industry, it is no surprise that many have hit headlines in recent months.

Another of the 100 companies to recently close a funding round is PureFacts. The company develops software that helps financial services firms increase revenue, reduce risk, and deliver better outcomes to their clients. It closed a $37m funding round in December 2021, with commitments coming from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capital.

More detailed company information for all 100 companies can be found in the report.

The full AIFinTech100 list, which can be downloaded for free, can be found at www.AIFinTech100.com.