360Quadrants, the world’s only comparison platform that combines expert analysis with crowdsourced reviews, has released a quadrant on AI in Fintech Solutions to help businesses make quicker and more informed decisions.

Artificial Intelligence (AI) in Fintech refers to the theory and development of computer systems capable of performing finance-related tasks that usually require human intelligence. It is an application of AI technology used in the financial sector to design investment strategies, detect anomalies with pattern & voice recognition, and conduct market analysis with data mining. The AI in Fintech solutions market for this quadrant is defined as the summation of AI-enabled Fintech solutions and services.

For this quadrant, the components of AI in Fintech are mainly segmented into solutions and software. Major application areas of AI in Fintech solutions are virtual assistants, business analytics & reporting, and customer behavioral analytics. These solutions have been analyzed based on cloud and on-premise deployment.

IBM Watson Platform has been identified as a visionary leader in the AI in Fintech space given its extensive product features, high product quality, reliability, suitable channel strategy, and wide geographical footprint. 360Quadrants also lists competitors of competitors of IBM Watson Platform in the AI in Fintech space.
AI in Fintech offerings from IBM aim to deliver valuable insights and intelligence from data. The company has an established product portfolio with a robust market presence and business strategy. Some of the major developments of the company in the AI in Fintech space include:

• Watson Financial Service by IBM to pioneer cognitive RegTech

IBM has launched Watson Financial Service has launched the first ever set of cognitive solutions for professionals from the financial sector to help them manage responsibilities pertaining to regulatory and fiduciary requirements. This solution can be deployed on IBM Cloud helps professionals tackle regulatory requirements, generate enhanced insights into possible financial crime, and use a new architectural approach to manage financial risks.

• IBM Watson and SIX partner for cognitive security operations center

SIX is an operator in the Swiss financial sector. With IBM Watson it aims to enhance its cyber security at its new cognitive security operations center in Switzerland to ensure locally available support for cyber security services as per the requirements of the region.

• IBM partners with Bluewolf to launch new Salesforce practice in India

IBM and Bluewolf have partnered to formulate a Salesforce to enhance customer experience and digital transformation in India. This service analyses unstructured data from within or outside a company to obtain insights and enhance decision-making across multiple departments.

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