Ai solutions Artificial Intelligence Based Services for Real-Time Banking

AYASDI

Location: Menlo Park, Calif.

How it's using AI in finance: Ayasdi creates cloud-based and on-premise machine intelligence solutions for enterprises and organizations to solve complex challenges.

For companies in the fintech space, Ayasdi is deployed to understand and manage risk, anticipate the needs of customers and even aid in anti-money laundering processes.

Industry impact: Ayasdi is helping banks combat money laundering with its anti-money laundering (AML) detection solutions. The sheer volume of investigations has been a major strain on financial institutions. Using the company's AML solution, one major bank saw a 20% reduction in investigative volume, according to Ayasdi.