Monnai Raised $6.5 Million to Bolster its AI Capabilities
Colin Smith — March 9, 2023 — Business
References: monnai & venturebeat
'Monnai,' a fintech platform focusing on consumer insights, announced that it has raised a total of $6.5 million USD, which it will invest in AI-driven decisioning capabilities. This means the platform's consumer insights reports will be augmented and enhanced by artificial intelligence, drawing conclusions from data, and improving the overall decision-making process for the platform's clients.
The CEO of Monnai, Pierre Demarche, stated: "The challenge is to get access to the insights that will inform decisions across silos and use cases and in as many useful ways as possible," which is to say that Monnai aims to leverage its status as a leading financial consumer insights platform to become one of the most informed and efficient AI-driven decisioning organizations on the market. This will improve various aspects of Monnai's services, such as reducing fraud risk, increasing trust, and optimizing decision-making processes.
Image Credit: Shutterstock
The CEO of Monnai, Pierre Demarche, stated: "The challenge is to get access to the insights that will inform decisions across silos and use cases and in as many useful ways as possible," which is to say that Monnai aims to leverage its status as a leading financial consumer insights platform to become one of the most informed and efficient AI-driven decisioning organizations on the market. This will improve various aspects of Monnai's services, such as reducing fraud risk, increasing trust, and optimizing decision-making processes.
Image Credit: Shutterstock
Trend Themes
1. AI-driven Decisioning - Businesses can invest in AI technology to enhance their decision-making processes through data analysis and better risk management.
2. Fintech Innovation - Fintech startups like Monnai are proving that AI integration can improve performance and lead to overall growth in the industry.
3. Consumer Insights - Leveraging AI technology can provide important consumer insights to businesses, reducing fraud risk and increasing trust with customers.
Industry Implications
1. Fintech - Fintech companies should invest in AI technology to improve their services and stay ahead of the competition.
2. Financial Services - Financial institutions can use AI to analyze data and improve risk management, making better-informed decisions and reducing fraud risk.
3. Data Analytics - Businesses in various industries can benefit from AI-driven decisioning and data analysis to optimize their processes and improve their overall performance.
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