The AIFINTECH100 is an annual list of 100 of the world’s most innovative AI solution providers for financial services selected by a panel of industry experts and analysts. These are the companies every financial institution needs to know about as they consider and develop their digital transformation strategies and new customer propositions.

The previous AIFinTech100 rankings received widespread attention. Companies that won places on the lists generated huge awareness among financial services firms and the wider FinTech community. Many were approached directly by banks and financial institutions, while other got a more welcome reception from prospective clients and partners.

The list has been updated for 2023 to recognise the next-generation of solution providers shaping the future of the financial services industry. The ranking aims to help senior management and technology executives evaluate which applications of AI in financial services have market potential and are most likely to succeed and have a lasting impact on the industry.

A range of factors was considered by the Advisory Board and FinTech Global team to make the final selection including:

• Industry significance of the problem being solved
• Growth in terms of capital raised, revenue, customer traction
• Innovation of AI technology solution offered
• Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
• How important is it for financial institutions to know about the company?