Little Rock-based BOND.AI, a human-centered AI platform for banks, recently won Best of Show at FinovateFall 2018. The conference is the leading international fintech event, which showcases cutting-edge banking and financial technology through a unique blend of short-form demos and key insights from thought leaders.
Finovate attendees determined Best of Show winners based on potential innovation impact and demo quality. BOND.AI was recognized for its “Empathy Engine,” which narrows the gap between banks and consumers – helping banks better understand user behavior and nudging consumers to improve their financial health.
“The BOND.AI ‘Empathy Engine’ brings contextual conversational intelligence and personalization to financial services,” says Uday Akkaraju, CEO of BOND.AI. “The only thing that’s changing faster than technology is consumer expectations. Banks can now meet that expectation by closely understanding users in order to hyper-personalize banking experiences and, most importantly, monetize user data to boost revenues.”
Launched in March 2018, BOND.AI created the world’s first “Empathy Engine” for finance. An AI that understands every aspect of the user – from perceptions, aspirations, limitations and potential – to allow consumers to actively participate in their own financial growth and help banks significantly increase the lifetime customer value.
Bond.AI was a member of the second cohort of The Venture Center FinTech Accelerator Powered by FIS. The Venture Center, located in downtown Little Rock, is one such organization helping fintech firms, like BOND.AI, achieve success through mentorship, intensive programming and introductions to the investor community.
In 2017, the company relocated its operations from New York City to Little Rock. The city is considered the birthplace of fintech, as Systematics was founded in Little Rock in the 1950s.