For banks and credit unions, LLMs present a powerful opportunity to automate and enhance key operations. As the market for enterprise-grade LLM solutions evolves, FIs face myriad choices from established tech giants, specialized AI startups, and open-source offerings. Selecting the right LLM vendor is critical to ensuring the model’s capabilities align with banks’ specific needs around performance, accuracy, data privacy, and security.
This report provides an overview of the prominent LLM providers and examines the offerings and differentiated capabilities of these solutions. It is designed to assist fraud and AML executives with creating shortlists of potential providers based on solution details. The vendor profiles are based on publicly available information and responses to survey questions when possible.
This report profiles the following vendors: AI21, Anthropic, AWS, BLOOM, Cohere, Google, H2O.ai, Hugging Face, IBM, Meta, Microsoft, Mistral AI, and OpenAI.
Clients of Datos Insights’ Fraud & AML service can download this report.
This report mentions AI21, Anthropic, AWS, BLOOM, Cohere, Google, H2O.ai, Hugging Face, IBM, Meta, Microsoft, Mistral AI, and OpenAI.
About the Author
![Jim Mortensen](https://datos-insights.com/wp-content/uploads/2024/01/Jim-Mortensen-thumbnail-300x161.jpg)
Jim Mortensen
Jim Mortensen is a Strategic Advisor in Datos Insights’s Fraud & AML practice, covering identity, fraud, and data security issues. Jim has been in the financial services industry for over 30 years, delivering fraud prevention, identity verification, and credit underwriting solutions to top-tier financial institutions both domestically and internationally. Through his experience in the industry, he has developed a substantial...
Other Authors
![Martin Higgins](https://datos-insights.com/wp-content/uploads/2023/03/Bio_Martin-Higgins-300x162.jpg)
Martin Higgins
Martin Higgins is a Senior Principal at Datos Insights. He has over two decades of experience working in insurance technology, having served as Practice Director for Edgewater Consulting, where he was responsible for the company’s property and casualty business nationwide. He has expertise in technology strategy, core system selection and implementation, Agile transformation and DevOps, business intelligence, systems integration, legacy...