Startup Of The Week

AI Banking Startups To Watch

Fintech startups are using artificial intelligence to improve and expand credit offerings, insurance options, personal finance services, and regulatory software. Read on to discover five AI startups to watch.


United Kingdom

What it does: Uses algorithms to generate a new credit score to help people qualify for essential financial products. It uses machine intelligence to factor in the character and capacity of applicants, helping to supplement the thin credit history of young adults or the self-employed. (CrowdProcess)

United States and Portugal

What it does: Applies AI to credit risk. Its risk management tool has been adopted by financial institutions in Europe, the U.S. and Latin America. The tool, called, is used by risk officers to help them achieve lower default rates. The interface aims to give professionals a higher predictive power through machine learning and advanced optimization.


United States

What it does: Combines machine learning algorithms, data from public profiles on the Internet and other factors to rate people and then loan them money for their small businesses. The company says it has served over 100,000 small businesses through its platform, extending more than $3 billion in the United States. (photo above)


United States

What it does: Enables financial institutions to add virtual assistants and smart bots to their mobile apps, websites and messaging platforms. Its AI-powered chatbot KAI answers questions about a user’s personal finances, among more than 1,000 other questions. Its clients include Royal Bank of Canada and Mastercard.

Kensho Technologies Inc.

United States

Uses data analysis and machine intelligence to provide analytical tools for capital markets. Its products include Acumen, a research and analytics platform that offers quantitative analysis for financial professionals. The company also provides statistical computing and financial risk analysis applications.


United States

What it does: Uses machine learning and behavioral analytics to provide corporate debt-collection services. TrueAccord’s technology crawls publicly available data on debtors and automatically chooses which collection approach is most likely to convince debtors to cooperate.

About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.