Aibit, a Silicon Valley-based AI-driven financial technology platform, has released the results of a comprehensive customer impact study, offering insights into the real-world effects of AI applications in financial services. The study, which surveyed 3,422 clients globally, provides a detailed look at how artificial intelligence is reshaping financial operations across various sectors.
According to the report, over 70% of enterprise users experienced improvements in working capital efficiency after implementing Aibit‘s AI-powered cash flow management tools. Notably, nearly a quarter of these users reported efficiency gains exceeding 10%.
In the realm of risk assessment, 85% of fintech companies utilizing Aibit’s real-time system observed a decrease in fraud losses, with an average reduction of close to 30%. This suggests a significant potential for AI in enhancing financial security and compliance.
The study also highlighted AI’s role in expanding financial inclusion. Microfinance institutions in emerging markets reported an average 25% increase in their serviceable customer base while maintaining stable default rates, potentially indicating AI’s capability to accurately assess creditworthiness beyond traditional metrics.
However, the report also noted areas for improvement. Approximately 15% of users expressed a desire for more customization options, while 10% suggested enhancements in user interface design.
Ted Baker, CEO of Aibit, stated, “This study not only validates the efficacy of our technology but also provides crucial insights into the evolving needs of the financial services industry.”
Independent fintech analyst Sarah Johnson commented, “While the results are impressive, it’s important to note that this study is based on Aibit’s client base. Nevertheless, it provides valuable benchmarks for the potential of AI in finance.”
As AI continues to permeate the financial sector, studies like this offer important data points for industry observers. However, experts caution that wider, independent studies across multiple platforms will be necessary to fully understand the broad-scale impact of AI on financial services.
The full report, including methodology and detailed findings, is available Click here on Aibit’s website, subject to standard disclaimers regarding forward-looking statements and the inherent limitations of client-based surveys.
