TROY, Mich., Aug. 14, 2024 /PRNewswire/ — Fintech leader North (formerly North American Bancard) today announced that Chief Data and Analytics Officer Jeffrey Vagg has been recognized as a 2024 AI 100 Leader by H2O.ai.
This prestigious list celebrates individuals and organizations at the forefront of the AI revolution, recognizing those driving innovation and impactful AI implementations across a range of sectors.
Vagg and the other winners were selected through a rigorous process that included public nominations, analysis using the LLM, and evaluation by Olivier Grellier, VP of Data Science at H2O.ai, and an independent panel of judges, research firm Evident AI.
“By 2030, there will not be a Fortune 500 company that is not led by an AI maker or data scientist. Every organization will have their strategy driven by data and AI and their purpose at heart,” said Sri Ambati, CEO and founder, H2O.ai.
Commenting on being included on the list, Vagg said: “It's a true honour to be recognised. This achievement is a testament not only to individual efforts, but to the incredible work of our incredible team at North. Together, we are continually expanding the ways we integrate AI into our solutions and pushing the boundaries of what's possible.”
Commenting on North's investment in this emerging field, Vagg said, “We are committed to balancing performance, cost and risk when leveraging different types of AI. Our approach combines traditional machine learning, expert systems and pattern recognition AI to ensure we deliver robust and reliable solutions. We are also actively exploring how generative AI and deep learning can benefit our processes and are constantly looking for innovative ways to enhance our services.”
“By leveraging AI in key areas such as fraud monitoring and merchant service quality, we have not only enhanced the security and reliability of our services, but also streamlined our internal processes to operate more efficiently than ever before.”
“I'm incredibly proud of the progress we've made at North,” Vagg summed up, “and look forward to continuing this journey with our talented and dedicated team. Together, we'll shape the future of AI-driven innovation.”
The H2O AI List highlights noteworthy trends in AI adoption and innovation, including:
Technology, financial services, public sector and healthcare emerged as key adopters, with strong representation from the financial services sector, including leaders from major banks such as Wells Fargo, Bank of America, JPMorgan Chase and Commonwealth Bank of Australia. Notably, 56 chief executive officers from 47 Fortune 500 companies were selected, and researchers advancing the frontier of AI science and ethics are featured. Geographically, North America dominates with 80 names, but growing innovation hubs in Asia, Europe and Latin America also feature on the list. The AI 100 also highlights promising “AI for Good” applications in areas such as climate change, wildlife conservation and healthcare access.
The complete H2O AI 100 list and report can be found at www.h2o.ai/ai-100/winners.
About H2O.ai
Founded in 2012, H2O.ai has been at the forefront of the AI movement democratizing Generative AI. H2O.ai's open source Generative AI and Enterprise h2oGPT, combined with Document AI and award-winning autoML Driverless AI, have transformed over 20,000 global organizations and more than half of the Fortune 500 and famous brands, including AT&T, Commonwealth Bank of Australia, Chipotle, ADP, Workday, Progressive Insurance, and AES.
H2O.ai's AI for Good program supports the efforts of nonprofits, foundations, and communities to advance education, health, and environmental conservation, including identifying areas vulnerable to natural disasters and protecting endangered species.
With a vibrant community of 2 million data scientists across the globe, H2O.ai aims to connect the world's best data scientists with customers to co-create usable and valuable GenAI applications for everyone. Now business users can leverage the power of LLM to improve productivity for their enterprise applications.
About the North.
Founded in 1992, North builds frictionless payment processing designed to simplify and grow businesses. The company offers comprehensive solutions from the front door to the back office, including point of sale (POS) hardware, a fully integrated payment platform, comprehensive merchant services to manage inventory, employees and more.
North is reinventing the payment experience. As a leading innovator in payment technology, North has a diverse product platform that delivers a modern end-to-end infrastructure that enables the globally preferred payment method. North's leading solutions deliver seamless payment experiences across mobile, e-commerce and in-store environments. Serving hundreds of thousands of businesses and over $100 billion in electronic transaction volume annually, North delivers functional, feature-rich and frictionless solutions for the evolving merchant economy. For more information, visit www.north.com.
Source: North American Bancard LLC
