Hazy named one of the top global AI fintechs in the AIFinTech100 2023
Enterprise synthetic data provider Hazy has been selected as one of the world’s most innovative companies developing AI and machine learning technologies improving financial services.
FinTech Global, a specialist research platform for all things FinTech, has launched the latest edition of the AIFinTech100 list. This ranking highlights the world’s more innovative companies who are developing AI and machine learning technologies to solve challenges or improve efficiency in financial services.
Since the launch of ChatGPT in November 2022, AI has been a major talking point. AI has captured the imagination of everyone, with financial institutions now exploring how they can incorporate it to transform their operations. A recent survey from The Economist found that 85% of banks have a clear strategy for adopting AI in the development of new products and services. One of the biggest draws to the technology is cost savings. A report from Insider Intelligence claimed North American banks have a combined potential cost saving of $447bn for 2023.
The huge market opportunity for AI has created a hotbed of tech providers building AI or data solutions to solve challenges in areas such as banking, insurance, customer experience, investment & trading and compliance. As a result, the selection process for this year’s AIFinTech100 list was exceptionally competitive. Finalists were chosen by a panel of industry experts and analysts based on research produced by FinTech Global on over 2,000 FinTech companies.
FinTech Global director Richard Sachar said, “Generative AI tools like ChatGPT have shown how advanced AI technology has become. Financial institutions will need to explore how they can leverage the latest AI and data analytics technology, or they risk being left behind by competition. The new AIFinTech100 list gives senior decision-makers the knowledge of the best vendors in the market and those leading the charge on innovation.”
Harry Keen, Hazy said, “We’re delighted to be included in this list alongside an impressive roster of market-leading AI firms. Synthetic data has been around for a while but its impact for enterprises is only just beginning to come to fruition. At Hazy, we believe passionately that ethical businesses need to be equipped with usable privacy tools so that they can protect their users and remain competitive in a world where privacy and competitive advantage are increasingly at odds with one another.”
“We’re delighted to be included in this list alongside an impressive roster of market-leading AI firms."
Harry Keen, Hazy CEO & Co-Founder
A full list of the AIFinTech100 and detailed information about each company is available to download for free at www.AIFinTech100.com.