Cloudteam Company is thrilled to announce that our esteemed partner, Squirro, has been recognised in the prestigious “4th Annual AIFinTech100 Awards” for 2024. This accolade from FinTech Global highlights Squirro’s significant contributions to the financial services industry through their innovative AI and data solutions.
Squirro was honored in the 4th Annual AIFinTech100 Awards
Since the launch of ChatGPT in November 2022, generative AI has revolutionised business operations, particularly within financial institutions. According to FinTech Global research, AI investment in the FinTech sector has surged, with market size projections increasing from $42.83 billion to $50.87 billion by 2029. Banks alone are expected to spend $4.9 billion on AI platforms by 2024. With over 2,000 companies vying for recognition, this year’s AIFinTech100 list was more competitive than ever, showcasing the industry’s best and brightest.
Richard Sachar, Director of FinTech Global, remarked, “Generative AI and artificial intelligence, in general, are opening up opportunities in the financial services sector to not only stay ahead of the competition but also to increase efficiency and offer personalized products to customers. This year’s AIFinTech100 list showcases some of the best and brightest in the field, developing AI applications in areas such as banking, insurance, compliance, customer experience, investment and trading, and payments.”
Squirro’s Advanced AI Solutions
SquirroGPT, Squirro’s state-of-the-art RAG technology, utilizes Large Language Models (LLM) to retrieve data accurately, securely, and efficiently. Key features of Squirro’s platform include:
- SquirroGPT: The first enterprise-ready RAG technology and LLM offering safe, accurate, and versatile deployment of Generative AI usage, LLM agnostic.
- Retrieval-Augmented Generation (RAG): Enhances LLM response accuracy by incorporating external knowledge sources.
- Comprehensive Chat Capabilities: Includes chat with organizational data, chat with results, chat with documents, and structured data analysis.
- Document Summarization: Provides summaries for documents, topics, pages, and selections with personalized instructions.
- Search & Chat While Browsing: Combines workplace search with contextual chat for personalized insights and increased productivity.
To find out more about how Squirro can help your organisation, contact us here.
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