Top 11 Startups developing AI for Banking

Oct 24, 2024 | By Siddhant Patel

These startups use AI and machine learning to improve bank's investment and credit decisions and help lenders predict credit risk basing on customer big data.
1
Country: USA | Funding: $30M
interface.ai is an award-winning out-of-the-box Intelligent Virtual Assistant(IVA) for Banks & Credit Unions.
2
Country: China | Funding: $2.9B
SenseTime develops face recognition technology that can be applied to payment and picture analysis, which could be used, for instance, on bank card verification and security systems.
3
Shift Technology
Country: France | Funding: $540M
Shift Technology leverages the best of data science to automatically detect networks of fraudsters in insurance.
4
ZestFinance
Country: USA | Funding: $300M
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
5
Bud
Country: UK | Funding: $102M
Bud develops an open banking platform that enables users to access data from any financial product.
6
Kasisto
Country: USA | Funding: $81.5M
Kasisto develops KAI Banking - conversational AI platform that is pre-loaded with thousands of banking intents and millions of banking sentences. It can fulfill requests, solve problems, predict customers’ needs, and improve performance on its own using machine learning.
7
Clinc
Country: USA | Funding: $60.7M
Clinc develops intelligent personal financial assistant. Mobile, voice-activated, artificial intelligence platform enabling personal and instant answers for common or complex questions.
8
Intelligo
Country: Israel | Funding: $44.1M
Intelligo uses AI and machine learning to speed up and automate background checks. Its solution, Clarity, uses AI, machine learning, and text analytics to capture and analyze structured and unstructured data points from thousands of sources.
Editor: Siddhant Patel
Siddhant Patel is a senior editor for AI-Startups. He is based out of India and has previously worked at publications including Huffington Post and The Next Web. Siddhant has a special interest in artificial intelligence and has spent a decade covering the rapidly-evolving business and technology of the industry. Siddhant graduated from the Indian Institute of Science (Bengaluru). When he’s not writing, Siddhant is also a developer and has a deep historical knowledge of the computer industry for the past 50 years. You can contact Siddhant at sidpatel(at)ai-startups(dot)org