Bdeo, included in the #AIFinTech100

We have been appointed by AIFinTech100 as one of the leading technological companies using AI to transform financial services. AIFinTech100 has launched its list of the world's most innovative solutions developing Artificial Intelligence and Machine Learning technologies to improve financial services' efficiency.

The use of AI and data analytics has shown tremendous growth in recent years due to the digitisation of financial institutions that aim at taking advantage of new opportunities to grow their revenues, minimise their operating costs and automate many of their processes to become more agile. Automation is precisely the discussed topic in our latest report.

In our case, the adoption process of these technologies for specific aspects such as fraud detection has increased even more during the pandemic, as financial services organizations begin to offer digital services to customers in order to make their transactions simple and at the same time reducing their losses by diminishing fraudulent claims.

Richard Sachar, Head of Global FinTech, highlighted that: "Now more than ever, financial institutions need to stay on top of the latest technological innovations in Artificial Intelligence and data analytics to offer competitive financial products and reach new customers."

At Bdeo, we are working to offer this technology to insurance companies to help them to reduce fraudulent claims as much as possible, giving insurers greater confidence and allowing them to both reduce costs and lower premiums. Our ultimate goal is to change the insurance industry and having been selected in the #AIFinTech100 Global list is not only a great recognition of our work at Bdeo, but also an honor for the whole team. Thank you very much!