Wall Street Endorses H2O.ai's Vision to Democratize AI H2O.ai, the open source leader in artificial intelligence (AI) and machine learning (ML), announced that Credit Suisse has selected it as a member of its 2019 Disruptive Technology Recognition (DTR) Program. Credit Suisse's DTR Program recognizes the top companies who are disrupting traditional IT with new, visionary, and innovative approaches. "At Credit Suisse, technology innovation is key to providing the best user experience and for our customers and partners," said David Patten, CIO of Credit Suisse's IBCM Division at Credit Suisse AG. "The DTR program was created to recognize the companies that are disrupting the status quo in IT with great products and a clear vision in their respective spaces. H2O.ai is a clear leader in the AI and machine learning space, and continues to push the boundaries on what is possible with these technologies, and helps us deliver high-quality services to our clients."

A new generation of fintech companies is building digital solutions to transform the investment and asset management industry. Often referred to as "wealthtech" companies, these use artificial intelligence (AI) and big data to offer advice, and provide low-cost alternatives with micro-investment platforms and trading solutions based on social networks. Wealthtech reached a record of 74 financing agreements worth US$657 million in 2016 and has been growing steadily for the past five years, according to data from CB Insights. And while robo-advisors (automated services that use machine-learning algorithms to offer personalized users advice) are by far the best-known product in the field, there are many new ideas emerging that seek to improve the investment industry through technology. Robo-retirements, for instance, are robo-advisors that specialize in managing retirement savings.