Artificial Intelligence in Financial Services: Market and Vendor Landscape 2019

Artificial intelligence (AI) is an increasingly important feature of today’s RiskTech marketplace. Chartis has addressed the AI opportunity in various reports and events over the last 18 months, and in this new report – Artificial Intelligence in Financial Services, 2019: Market and Vendor Landscape – we provide a spotlight on the market and vendor landscape for AI solutions and associated statistical techniques, together with four new quadrants. Our companion report – Artificial Intelligence in Financial Services, 2019: Demand-Side Analysis – explores these themes in more detail.

This report uses Chartis’ RiskTech Quadrant® to explain the structure of the market. The RiskTech Quadrant® uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs. The RiskTech Quadrant® does not simply describe one technology solution as the best risk-management solution; it has a sophisticated ranking methodology to explain which solutions would be best for buyers, depending on their implementation strategies.

This report covers providers of AI solutions for workflow, analytics, data management and packaged analytics: 2021.AI, Automation Anywhere, Ayasdi, BAE Systems, Blue Prism, CustomerXPs, Enigma, FactSet, FICO, IBM, Infosys, Intellect Design, Kensho, LexisNexis Risk Solutions, MathWorks, NICE Actimize, Numenta, Nutmeg, Oracle, Palantir, Pegasystems Inc., Predata, Prometeia, Refinitiv, Safe Banking Systems (now owned by Accuity), Street Diligence, ThetaRay, UiPath, Visible Alpha, yields.io.

In our analysis we have tried to present as comprehensive a view of AI solution markets as possible in the context of our wider AI research. Because of the ubiqiuity of AI in financial services, it would be impossible to include everyone that provides AI in some form, so we have focused on technology providers of fully fledged working applications, and excluded pilots and early stage projects. Note also that several vendors we contacted either did not respond or declined to participate in our research.

As we will be returning to the vendor landscape throughout our ongoing AI research, we would be happy to hear from developers and providers of AI solutions who feel they should be included. If you would like to brief us, please contact us via www.chartis-research.com.