The rapid adoption of AI in financial services has its challenges. Among them is the lack of AI-ready data, which can be a major problem when it comes to effectively deploying AI. Running AI-powered systems on flawed data can have consequences ranging from mere missed opportunities to operational failures that lead to both reduced customer trust and reputational damage for the company. According to a survey by research firm Gartner, 60% of AI projects through 2026 are expected to fail due to a lack of AI-ready data.
To this end, AI integration solutions provider AI Squared has launched Sparx, a Data-Science-In-a-Box offering that enables small businesses, mid-market companies, and non-profits to access production-ready AI. Sparx integrates AI into existing business workflows, yet requires no coding, infrastructure changes, or participation by data scientists. Sparx unifies sales, finance, and operations data into a real-time, AI-powered view, and deploys in less than an hour.
“Until now, building AI-powered insights meant investing in complex systems and tools, and hiring specialists,” AI Squared CEO and President Darren Kimura said. “With Sparx, we have removed that complexity. Businesses can start seeing value in hours, not months. Sparx empowers customers to integrate AI quickly and affordably, accelerating decision-making and enhancing operational efficiency so they can move faster and uncover new opportunities.”
Sparx connects to existing systems and automatically syncs and cleans the data. The solution has an intuitive interface that enables users to communicate with their data in conversational English and to receive actionable insights instantly—without requiring the involvement of IT experts or data scientists. Sparx offers real-time visibility into operations and provides contextual data to help teams identify trends and boost efficiency.
Having established itself as a solution provider for large institutions in financial services, insurance, and SaaS—to say nothing of the company’s founding contracts with the US Department of Defense—AI Squared’s decision to develop and launch Sparx is an effort to bring AI to smaller businesses and non-profits. Where typical AI platforms—including AI Squared’s own Unified Platform—are often much more than these firms need, Sparx is tailor-made for smaller organizations. The solution is easy to set up and customize while still providing robust data integration and real-time AI insights.
“Like most small and medium-sized enterprises, we faced high costs, complexity, and a long development cycle to address our needs to deploy production-ready AI for our mountain of data,” said Steve Braaten, Chief Architect at Khasm Labs, a partner of AI Squared. “Sparx is solving this for us, giving our team fast and actionable insights without the heavy lift.”
Founded in 2019 by Dr. Benjamin Harvey, AI Squared made its Finovate debut at FinovateSpring 2023 and returned later that year for FinovateFall 2023. Darren Kimura succeeded Harvey as CEO earlier this year, having joined the company in 2024 as President and Chief Operating Officer. He has been credited with helping shape the company’s operational growth and strategic direction. With more than 25 years of experience in scaling technology companies, Kimura praised Harvey, who will transition to a new role focused on positioning AI Squared as a thought leader, and bolstering customer engagement.
“Ben’s vision and leadership have positioned AI Squared as a market leader, and I am honored to build upon that strong foundation,” Kimura said. “We have an exceptional team, and I look forward to driving forward our mission of making AI more accessible and impactful for organizations worldwide.”