TROY,
Mich., Aug. 14, 2024 /PRNewswire/ -- Fintech
leader North (formerly North American Bancard) announced today that
their Chief Data and Analytics Officer, Jeffrey Vagg, has been recognized by H2O.ai as a
2024 AI 100 Leader.
This prestigious list celebrates individuals and organizations
at the forefront of the AI revolution, recognizing those who
drive innovation and impactful AI implementations across various
sectors.
Vagg and his fellow honorees were selected through a rigorous
process involving public nominations, LLM-powered analysis, and
evaluation by H2O.ai's VP of Data Science, Olivier Grellier, alongside an independent
judge, research firm Evident AI.
"There won't be a Fortune 500 company that is not led by an AI
maker or Data Scientist by 2030. Every organization will have
its strategy led by data and AI and be purpose-led from the heart,"
said Sri Ambati, CEO and founder of
H2O.ai.
Of his inclusion on the list, Vagg said: "I am truly honored to
be recognized. This achievement is a testament not only to
individual effort but to the incredible work of my amazing team at
North. Together, we are continuously expanding the ways we
integrate AI into our solutions, pushing the boundaries of what's
possible."
Describing North's investment in this emerging field, Vagg
noted: "Our company is deeply committed to balancing performance,
cost, and risk when leveraging various types of AI. Our approach
includes a blend of traditional machine learning, expert systems,
and pattern recognition AI, ensuring we deliver robust and reliable
solutions. We are also actively exploring how generative AI and
deep learning can further benefit our processes, constantly seeking
innovative ways to enhance our services."
"We have delivered unparalleled services to our merchants,
ensuring that we meet and exceed their expectations. By leveraging
AI in critical areas like fraud monitoring and
merchant services quality, we have not only enhanced the security
and reliability of our offerings but also streamlined our internal
processes to operate more efficiently than ever."
"I'm immensely proud of the progress we've made at North," Vagg
stated in summation, "and I look forward to continuing this journey
with such a talented and dedicated team. Together, we are shaping
the future of AI-driven innovation."
The H2O AI list reveals notable trends in AI adoption and
innovation, including:
- Technology, financial services, the public sector, and
healthcare emerge as leading adopters with strong
representation from the financial services sector, including
leaders from top banks such as Wells Fargo, Bank of America,
JPMorgan Chase, and Commonwealth Bank of Australia.
- Notably, it includes 56 c-suite executives from 47 Fortune 500
companies, and highlights researchers advancing the frontiers
of AI science and ethics.
- Geographically, while North
America dominates with 80 honorees, the list
also recognizes growing innovation hubs in Asia, Europe,
and Latin America.
- The AI 100 also highlights promising "AI for Good" applications
in areas such as climate change, wildlife conservation, and
healthcare accessibility.
The full H2O AI 100 list and report are available at
www.h2o.ai/ai-100/winners
About H2O.ai
Founded in 2012, H2O.ai is at the
forefront of the AI movement to democratize Generative
AI. H2O.ai's open-source Generative AI and Enterprise h2oGPT,
combined with Document AI and the award-winning autoML
Driverless AI, have transformed more than 20,000
global organizations and over half of the Fortune 500 and
household brands, including AT&T, Commonwealth Bank of
Australia, Chipotle, ADP, Workday,
Progressive Insurance, and AES.
H2O.ai's AI for Good program supports nonprofit groups,
foundations, and communities in their efforts to advance education,
healthcare, and environmental conservation, including identifying
areas vulnerable to natural disasters and protecting endangered
species.
H2O.ai has a vibrant community of 2 million data scientists
worldwide and aims to bring together the world's top data
scientists with customers to co-create GenAI applications that are
usable and valuable by everyone. Business users can now leverage
the power of LLMs to enhance productivity with enterprise
applications.
About North.
Founded in 1992, North builds
frictionless payment processing designed to simplify and grow
business. They offer comprehensive solutions, from the front door
to the back office, that include point of sale (POS) hardware, a
fully integrated payment platform, and comprehensive merchant
services to manage inventory, employees, and more.
North is re-imagining the payment experience. As a leading
payment technology innovator, North has a diversified product
platform that provides a modern end-to-end infrastructure to enable
globally-preferred payment types. North's superior solutions
deliver seamless payments experiences in mobile, ecommerce, and
in-store environments. Serving hundreds of thousands of businesses
and with over $100 billion per year
in electronic transaction volume, North delivers functional,
feature-rich, and frictionless solutions for the evolving merchant
economy. For more information, please visit www.north.com.
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SOURCE North American Bancard, LLC