4CRisk.ai recognized as one of the World's 100 Most Innovative Al Technology Companies in Financial Services

REDWOOD CITY, Calif.: #4crisk--FinTech Global, a research platform, launched the latest edition of its annual AI FinTech 100 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 AI FinTech 100 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.

Established in 2020, 4CRisk products 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.

“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,” said Venky Yerrapotu, CEO and Co-Founder, 4CRisk.ai

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 AI FinTech 100 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 AI FinTech 100 List by the esteemed panel of industry experts and analysts from FinTech Global.”

4CRisk product highlights include:

• Regulatory Research allows compliance professionals to seamlessly search across authoritative sources, including regulators, laws, and standards to gain insights required to build curated rule books applicable to their organizations.

• Regulatory Change Management allows organizations to proactively keep pace with the velocity of change across all applicable rules, regulations and laws while mitigating compliance risks by aligning policies, procedures and controls with regulatory changes.

• Compliance Map allows compliance professionals to assess the design efficacy of their compliance program by comparing their external obligations to their internal control environment by matching rulebooks (regulations, rules, and laws) to applicable governance artifacts (policies, procedures, contracts and controls).

• Ask ARIA Co-Pilot provides up-to-date, highly accurate, contextually relevant answers to complex queries for the front and second line. ARIA analyzes an organization’s documents and laws to answer day-to-day business questions – saving up to 90% of time and effort.

About Global Fintech
AI FinTech 100: www.FinTech.Global. A full list of the AI FinTech 100 and detailed information about each company is available to download for free at www.AIFinTech100.com.

About 4CRisk.ai. www.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.

Fonte: Business Wire