overview

Banking & Financial Services • September 20, 2024

Quantiphi’s Journey: Pioneering AI Excellence and Earning Global Recognitions

Founded in 2013, Quantiphi embarked on a mission to solve what matters most to businesses through Responsible AI. At a time when AI was still emerging from the fringes of tech innovation, we set out with an ambitious goal—reshaping industries by embedding AI-first digital engineering into the core of business transformation.

Fast-forward more than a decade, and Quantiphi has become synonymous with innovation. What started as a pioneering vision has grown into a trusted global partner delivering more than 2,500 AI and data projects  for over 400 clients in 9 industries, Globally. One of the key industries where we have created greater impact is BFSI (Banking, Financial Services and Insurance), where we have helped organizations reimagine their operations, enhance customer experiences, and drive meaningful business outcomes.

But what truly sets us apart is not just the work we’ve done—it's the trust we've built along the way and the recognition we’ve earned for pushing the boundaries of what's possible with AI.

Partnering for Success: Awards from Our Industry Allies

Our journey has been powered by strategic partnerships with industry giants like Google Cloud, AWS, Snowflake and Nvidia. These collaborations have fueled our ability to innovate and deliver exceptional solutions—and the industry has noticed.

  • 13X Google Cloud Platform (GCP): Over the years, we’ve received 13 prestigious awards from GCP, including three in 2024. Notable mentions include ‘North America Service Partner of the Year’ and ‘Contact Center AI Specialization Partner of the Year.’ These awards are a testament to how we've leveraged Google’s cutting-edge technology to deliver breakthrough AI solutions.
  • 3X Amazon Web Services (AWS): Our expertise in AI and machine learning has earned us three AWS Partner Awards, including the highly coveted ‘ML AI Partner of the Year NORAM.’ It’s a recognition of our commitment to harnessing AWS technologies to transform industries.
  • 3X NVIDIA: For three consecutive years, we’ve been honored as ‘AI Service Delivery Partner of the Year,’ highlighting our ability to utilize NVIDIA’s advanced AI technology to deliver unparalleled results.
  • 3X Snowflake: In 2023, we were recognized as the ‘APJ Regional System Integrator Innovation Partner of the Year,’ reflecting our innovative approach to data integration and our ability to unlock significant value for our clients.
  • ACORD: Our flagship solution, Dociphi, earned the 2023 Implementation Excellence Award’ for its role in driving operational efficiency and accuracy in the insurance sector, reinforcing our leadership in AI-powered solutions.

Breaking New Ground: Analyst Recognition for Data and AI Excellence

Quantiphi’s commitment to innovation has not gone unnoticed by industry analysts. Our groundbreaking solutions in data and AI modernization have garnered praise from leading voices in the tech space.

  • Everest Group: In 2024, we were named a ‘Leader’ in Google Cloud Services Specialist PEAK Matrix Assessment’ for the second time, a testament to our mastery of Google Cloud services and the immense value we deliver to our clients. We were also named as ‘Leader’ in AWS Specialist, ‘Leader and Star Performer’ in Analytics and AI Service Assessment in 2024.
  • IDC Marketscape: Recognized as a leader in Worldwide AI Services in 2023 and  Worldwide AI IT Services in 2021. We were also named as IDC Innovators in 2020 in AI services. These recognitions highlight our ability to stay ahead of the curve in both AI and IT services, driving real-world innovation.
  • ISG Group: In 2023, we were named a leader in Google Cloud Data Science and Machine Learning for the US & EU, emphasizing our unmatched expertise in delivering transformative data science and machine learning solutions.
  • Business Intelligence Group: Our generative AI platform, Baioniq, received the ‘2024 AI Excellence Award,’ further validating our status as a leader in AI innovation and our ability to create future-ready solutions that redefine industries.

Transforming the BFSI Landscape: Analyst Accolades for Our Industry Expertise

Quantiphi’s deep expertise in the BFSI sector has led to recognition from some of the most respected analysts in the field. Our tailored AI solutions for banking, financial services, and insurance have been game-changers for our clients.

  • Everest Group: In 2022, we were named a Major Contender in the ‘PEAK Matrix Assessment for Digital Claims in Property and Casualty Insurance,’ highlighting our ability to bring transformative change to claims processing.
  • Frost & Sullivan: We earned the ‘Competitive Strategy Leadership Award in AI Services in BFSI’ in 2023, underscoring our role in helping clients gain a competitive edge through AI-driven solutions.
  • Fintech Global: Our work in fintech and insurtech has been recognized four times with the AIFintech100 award and three times with the Insurtech100 award, showcasing our relentless drive to push innovation in these dynamic sectors.
  • NelsonHall: Our leadership in wealth management services was positioned in the Innovator’ Quadrant in the 2024 NEAT assessment, reinforcing our position as a trusted partner in driving impactful AI and analytics solutions. We were also rated as ‘Leader’ in 2021 for our intelligent automation solutions in banking.
  • DataTech50: Quantiphi earned a place on FinTech Global’s DataTech50 list, recognizing its leadership and innovation in data management and AI solutions for financial services. This accolade highlights Quantiphi’s role in advancing data-driven technologies and its significant impact on the industry.
  • CNBC: We have been recognized in the World's Top InsurTech Companies 2024 list and we are among the 20 companies in the ‘Claim and Fraud Management' Category.

Beyond BFSI: Industry-Wide Recognition for Impact and Growth

Quantiphi’s impact isn’t limited to BFSI. Our rapid growth and technological excellence have been celebrated across industries, solidifying our reputation as an industry leader.

  • CRN Fast Growth 150: Recognized among North America’s fastest-growing solution providers, this award reflects our continued ability to deliver high-impact solutions that accelerate business transformation.
  • Inc. Magazine: In 2022, we were honored with the Best in Business Award in the Established Excellence category, a recognition of our unwavering commitment to delivering exceptional results for over a decade.
  • Fast Company: In 2021, we were named among the World Changing Ideas, recognizing our innovative solutions that are reshaping industries and driving meaningful change.

Looking Forward: A Future of Endless Possibilities

Quantiphi’s story is one of constant evolution—pushing the limits of what AI can achieve and striving for excellence in every project we undertake. The awards we’ve earned over the years are more than just accolades; they’re milestones on our journey of innovation, resilience, and transformative impact.

As we continue to explore the vast potential of AI, we remain committed to setting new standards for excellence in digital transformation. We’re excited for what lies ahead as we work alongside our clients and partners to shape the future of AI, both in the BFSI sector and beyond.

Stay with us as we continue this exciting journey—there’s so much more to come.

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Arpan Majee

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Arpan Majee

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