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  • Writer's pictureKelsie Papenhausen

Arteria Recognized in 2023 Gartner® “Cool Vendors™ In Applying Generative AI To Banking” Report


NEW YORK – Nov. 14, 2023 – Arteria AI today announced that it has been recognized by Gartner as one of three identified companies in its recently released “Cool Vendors in Applying Generative AI to Banking” report. Issued by Gartner Analysts Jasleen Kaur Sindhu, Agustín Rubini and Moutusi Sau, the report looks at advancements in generative AI that are providing new opportunities for banks to increase revenue, improve efficiencies and costs and better manage risk.

Built by industry experts, data scientists and technologists, Arteria AI’s award-winning platform has been deployed at some of the world’s top-ranked financial institutions across the globe, enabling them to drive speed and efficiency in their core business processes by helping to automate and manage their unstructured data. Arteria’s multi-modal models are tailored specifically to financial services, and the platform acts as a last-mile delivery mechanism integrating AI into critical business processes.

Along with its insights and key findings, according to the report banking CIOs should review these cool vendors to explore how GenAI solutions and foundation models can help them propel their business impact.

“We are thrilled to be named as one of three ‘Cool Vendors in generative AI’ by Gartner,” said Shelby Austin, Co-founder and CEO of Arteria AI. “The market is demanding solutions that generate tangible business value. We believe Gartner’s recognition is strong validation that integrating specific, focused AI into critical business processes is of foremost importance in financial services.”

Gartner, Cool Vendors in Applying Generative AI to Banking, 4 October 2023. GARTNER and COOL VENDORS are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Arteria AI

Arteria AI is a financial services-focused AI company that solves challenges in documentation processes at scale. The Arteria AI platform removes the need for legacy manual processes by structuring data at the onset of the documentation lifecycle. The platform then surfaces data and insights through intelligent workflow tools to speed up decision-making processes for all stakeholders with a highly intuitive front-end. Arteria AI forms the documentation layer for banking processes and enables the real-time flow of data and analytics. By connecting documentation processes to the automation lifecycle, Arteria AI enables true straight-through-processing in core business activities across the enterprise.

In addition to Gartner, Arteria AI was recently recognized by CB Insights in the AI 100 rankings and as a 2023 Finovate Awards Winner. The company is headquartered in Toronto, Canada with operations in New York and London.

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