4CRisk.ai recognized as one of the World's 100 Most Innovative Al Technology Companies in Financial Services
Published On
June 18, 2024
Redwood Shores, CA - FinTech Global, a research platform, launched the latest edition of its annual AIFinTech100 list highlighting the leading movers and shakers who are creating a new era of artificial intelligence technologies in the financial sector to foster efficiencies and innovation. The selection process for this year’s AIFinTech100 list was hotly contested. Finalists, including 4CRisk.ai, were picked by an esteemed panel of industry experts and analysts centred on research produced by FinTech Global on over 2,000 FinTech companies.
“We are thrilled to be recognized by Global Fintech as one of the World's 100 Most Innovative Al Technology Companies in Financial Services. Businesses spend up to 10% of revenues staying compliant and keeping pace with regulations and standards, with 55% of the spend on human capital –it’s not sustainable. To address these challenges, we offer a modern AI platform supporting the specific needs of regulatory, risk, security, privacy and compliance professionals, revolutionizing the way they work.”
- Venky Yerrapotu, CEO and Co-Founder, 4CRisk.ai
Established in 2020, 4CRiskproducts leverage advanced AI techniques to connect regulatory and business data, helping organizations gain efficiency and agility and reshape their approach to compliance, security, privacy and risk management. Customers experience benefit levels of magnitude greater with 4CRisk products, with results delivered up to 50 times faster than current manual methods.
FinTech Global director Richard Sachar said, “Generative AI and Artificial Intelligence in general are opening opportunities in the financial services sector to not only get ahead of the competition but to also increase efficiencies and offer personalised products to clients. This year’s AIFinTech100 list details some of the best and the brightest in this area who are developing AI applications in areas such as banking, insurance, compliance, customer experience, investment & trading and payments.”
Unlike other AI tools that rely on generic language models in the public domain, 4CRisk.ai provides a new generation of AI technologies and models trained explicitly for the risk and compliance domain to automate the manual and effort-intensive tasks of risk, regulatory, security, privacy and compliance professionals, providing results in minutes rather than days, and days rather than months. This dramatic decrease in time and effort frees professionals to focus on more strategic concerns.
Supradeep Appikonda, Co-Founder and COO, 4CRisk.ai, added “Our products provide organizations with the opportunity to gain the transformative benefits of AI while operating in a robust and secure cloud environment that incorporates Responsible and Trustworthy AI and Zero-Trust Security principles. We are delighted to be recognized as a trailblazer on the AIFintech100 List by the esteemed panel of industry experts and analysts from FinTech Global.”
4CRisk product highlights include:
About Global Fintech AIFinTech100: www.FinTech.Global A full list of the AIFinTech100 and detailed information about each company is available to download for free at www.AIFinTech100.com
About 4CRisk.ai.
4CRisk’s revolutionary AI platform empowers regulatory, risk, and compliance professionals to automate manual tasks and achieve breakthrough results. Established in 2020, 4CRisk.ai products leverage advanced AI techniques to connect regulatory and business data, helping organizations gain efficiency and agility, to reshape how they approach compliance and risk management.
Contact
Yo McDonald
+1 343 204 6150
ymcdonald@4crisk.ai