Top 8 Startups developing AI for Banking

Updated: Feb 16, 2026
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These startups use AI and machine learning to improve bank's investment and credit decisions and help lenders predict credit risk basing on customer big data.
1
Shift Technology
Country: France | Funding: $540M
Shift Technology is developing an AI platform for insurance using generative, agent-based and predictive models. AI-based functions include risk underwriting (policy fraud detection and premium leakage prevention), fraud detection, case investigation management with greater accuracy, speed and efficiency, as well as support for AML, KYC and risk and compliance management. Agent-based AI enables faster claim processing, accurate liability assessment, prevention of missed reimbursement opportunities and ensures payment accuracy in healthcare.
2
ZestFinance
Country: USA | Funding: $357.7M
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
3
Bud
Country: UK | Funding: $102M
Bud develops an open banking platform that enables users to access data from any financial product.
4
Kasisto
Country: USA | Funding: $81.5M
Kasisto develops KAI Banking - conversational AI platform that is pre-loaded with thousands of banking intents and millions of banking sentences. It can fulfill requests, solve problems, predict customers’ needs, and improve performance on its own using machine learning.
5
Clinc
Country: USA | Funding: $60.7M
Clinc develops intelligent personal financial assistant. Mobile, voice-activated, artificial intelligence platform enabling personal and instant answers for common or complex questions.
6
Parascript
Country: USA
Parascript is a leading developer of AI solutions for document capture and recognition. The company's intelligent document recognition (IDR) solutions recognize both handwritten and printed text. The system is used to detect check fraud, verify signature authenticity, extract data from structured, semi-structured and unstructured documents (e.g., loan applications, mortgage documents, ballots, petitions) in banks, financial institutions, and government agencies. Acquired by Speak Seeds
7
Intelligo
Country: Israel | Funding: $44.1M
Intelligo uses AI and machine learning to speed up and automate background checks. Its solution, Clarity, uses AI, machine learning, and text analytics to capture and analyze structured and unstructured data points from thousands of sources.
8
Interface.ai
Country: USA | Funding: $30M
interface.ai is an award-winning out-of-the-box Intelligent Virtual Assistant(IVA) for Banks & Credit Unions.
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Siddhant Patel
Editor: Siddhant Patel
Siddhant Patel is a senior editor for AI-Startups. He is based out of India and has previously worked at publications including Huffington Post and The Next Web. Siddhant has a special interest in artificial intelligence and has spent a decade covering the rapidly-evolving business and technology of the industry. Siddhant graduated from the Indian Institute of Science (Bengaluru). When he’s not writing, Siddhant is also a developer and has a deep historical knowledge of the computer industry for the past 50 years. You can contact Siddhant at sidpatel(at)ai-startups(dot)pro