July 25, 2023

Quantiphi Honored with Frost & Sullivan AI Award for Financial and Insurance Industries

MARLBOROUGH, MASS. - Quantiphi, an award-winning, AI-first digital engineering company has been awarded the Frost & Sullivan’s Best Practices Competitive Strategy Leadership Award in artificial intelligence for delivering transformative AI solutions to the financial services and insurance industry.

The award, which Quantiphi has received for three consecutive years, recognizes companies that drive innovation and growth across industries and overcome challenges to unlock new possibilities.

Quantiphi’s Global Head of Financial Services and Insurance, Bhaskar Kalita said Quantiphi has improved underwriting, lowered administrative costs, addressed settlement delays, and made claims handling more efficient through AI-led applications.

"We are honored to be recognized for our customer-centric strategies, deep industry expertise and impactful results," Kalita said. "This award reinforces Quantiphi's expertise, building upon previous acknowledgments in 2022 and 2021 when Frost & Sullivan recognized our excellence in AI services within the Health Sector and the Public Sector, respectively."

Quantiphi's portfolio of AI and generative AI-powered solutions is backed by strategic partnerships with industry-leading technology providers like, Google Cloud, Amazon Web Services (AWS), NVIDIA, Snowflake and TensorFlow and includes a comprehensive suite of solutions tailored specifically to the financial services industry.

Additionally, Quantiphi's innovation is supported by a research division and network of industry-leading partners. This forward-looking approach helps Quantiphi anticipate future needs and develop solutions, like Dociphi, an AI-driven document processing SaaS platform. Quantiphi has further equipped Dociphi with generative AI capabilities, enabling customers to realize the full potential of their data assets.

“Quantiphi aims to tackle businesses' most challenging and transformative problems by leveraging its extensive industry knowledge, employing rigorous cloud and data engineering methods, and incorporating the latest advancements in AI research. This approach allows it to deliver measurable business results with exceptional speed,” said Natalia Casanovas, Best Practices Analyst at Frost & Sullivan.

“With the changing role and advancement of technology, AI is now being used to enhance customer experience and improve decision-making processes to reduce costs and increase revenue. Quantiphi is playing a driving force for such digital transformation initiatives for its customers. It uses predictive analytics capabilities to analyze customer data for identifying trends and patterns, enabling financial institutions to anticipate customer needs and offer personalized products and services,” said Hemangi Patel, Industry Analyst at Frost & Sullivan.

About Quantiphi

Quantiphi is an award-winning, responsible AI company founded in 2013 on the premise of solving what matters most to business through safe, socially-beneficial and ethically-accountable AI. With cutting-edge artificial intelligence capabilities, Quantiphi helps businesses build market advantage through smart, ethical, human-centric AI products and services, backed by scientific rigor. Learn more by visiting Quantiphi.com and following Quantiphi on Linkedin, Twitter, Instagram and YouTube.

About Frost & Sullivan

Frost & Sullivan is the Growth Pipeline Company™. We power our clients to a future shaped by growth. Our Growth Pipeline as a Service™ provides the CEO and the CEO's growth team with a continuous and rigorous platform of growth opportunities, ensuring long-term success. To achieve positive outcomes, our team leverages over 60 years of experience, coaching organizations of all types and sizes across 6 continents with our proven best practices. To power your Growth Pipeline future, visit Frost & Sullivan at https://www.frost.com.

Media Contact:

Hadley Mayes


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