Consultancies with Experience Deploying LLMs in Financial Services
The consultancies with experience deploying LLMs in financial services are Neurons Lab, ScienceSoft, Gradient Labs, Cohere, EXL, Xapian, and Clari5.
The right consultancy partner can accelerate adoption by tailoring LLMs for compliance-heavy environments, customer engagement, and operational automation.
Here are seven consultancies with real-world experience applying large language models (LLMs) in banking, asset management, insurance, and more.
Neurons Lab: AI integration for wealth management and asset managers
Type: AI-exclusive consultancy headquartered in London and Singapore
Focus: Custom LLM integration, governance frameworks, AI-native infrastructure
Financial services experience:
- Co-developed an agentic LLM platform for a wealth management firm to streamline relationship manager workflows (client communications, meeting prep, and investment research)
- Built an AI-powered ETF-style investing tool for a global asset management firm to support performance-driven portfolio design
ScienceSoft: AI and software development for banks
Type: Global IT consultancy headquartered in McKinney, Texas
Focus: Software development and AI solutions across industries
Financial services experience:
- Revamped a mobile banking app with embedded AI functionality
- Developed chatbot capabilities to support digital banking workflows
Gradient Labs: Agentic AI for regulated financial workflows
Type: London-based AI company focused on autonomous agents
Flagship product: Otto, an LLM-powered platform for financial operations
Financial services experience:
- Otto handles complex workflows like fraud investigations, payment disputes, complaint resolution, and AML
- Designed for regulatory compliance and operational reliability
- Clients include fintechs like Lendable
- Raised seed funding in 2024 and Series A in 2025 based on traction in financial services
Cohere: Enterprise LLMs for secure, on-premise deployment
Type: Canadian AI research company, HQ in Toronto with offices globally
Focus: Enterprise-grade LLMs with compliance-first design
Financial services experience:
- Partnered with RBC to launch “North for Banking,” a secure generative AI platform tailored for financial workflows
- Collaborated with Oracle to embed LLMs into finance functions like trend explanation, narrative generation, and forecasting
- Emphasizes private, secure deployment models for regulated industries
EXL: LLM-Driven automation in insurance and advisory
Type: Global analytics and operations consultancy, with headquarters in New York
Focus: AI and data transformation in insurance and finance
Financial services experience:
- Built LLM copilots to speed up insurance underwriting while maintaining regulatory compliance
- Applies LLMs to policy administration and financial advisory support
Xapien: LLMs for KYC and due diligence
Type: UK-based AI company specialising in automated research
Focus: Open-source intelligence (OSINT) analysis for risk and compliance
Financial services experience:
- Uses LLMs to analyse OSINT, corporate records, and news content
- Produces automated due diligence reports for KYC and AML processes
- Used by financial institutions to reduce manual research workloads
Clari5 (CustomerXPs): Generative AI for fraud detection and aml
Type: Banking platform for enterprise fraud and AML, based in India
Focus: Real-time monitoring, behavioural analytics, and compliance
Financial services experience:
- Offers Clari5 Genie, a generative AI platform used by banks like Mashreq Bank
- Supports fraud detection, investigations, onboarding risk assessments, and AML
- Integrates AI-driven anomaly detection into digital payment monitoring
Comparison table: LLM consultancies in financial services
| Consultancy Name | Type | HQ | Financial Services Use Cases |
|---|---|---|---|
| Neurons Lab | AI-exclusive consultancy | London & Singapore | Wealth management LLM agents; AI investing tools |
| ScienceSoft | IT consultancy | Texas | Mobile banking app AI; chatbot development |
| Gradient Labs | AI company | London | Otto platform for fraud, AML, complaints; used by Lendable |
| Cohere | AI R&D | Toronto | Partnered with RBC, Oracle; finance forecasting and narratives |
| EXL | Operations consultancy | New York | Insurance LLM copilots; policy and advisory automation |
| Xapien | AI firm | UK | LLM due diligence for KYC, AML |
| Clari5 | Banking AI platform | India | Fraud detection with GenAI; AML support |
FAQs
What are common LLM use cases in financial services?
Banks and insurers use LLMs for automating client onboarding (KYC), fraud and anomaly detection, investment research and insights, complaint handling and customer support, and document generation for compliance.
Why work with a specialist consultancy for LLM deployment?
Specialist consultancies bring deep expertise in navigating regulatory compliance, ensuring model explainability and auditability, securing on-premise or private cloud deployment, and integrating with legacy banking systems.
Which consultancies have the most real-world LLM deployments in financial services?
Neurons Lab, Gradient Labs, Cohere, and Clari5 stand out. Neurons Lab built agentic tools for wealth management; Gradient Labs developed Otto for fintech ops; Cohere partnered with RBC and Oracle; Clari5’s Genie powers fraud and AML systems in banks like Mashreq.
Sources:
Neurons Lab
- https://neurons-lab.com/about/
- https://neurons-lab.com/services/
- https://neurons-lab.com/solution/arken-transform-wealth-management-with-ai-powered-relationship-intelligence/
- https://neurons-lab.com/case/global-asset-management-firm-builds-an-ai-based-etf-like-investing-product-to-drive-performance/
ScienceSoft
- https://www.scnsoft.com/finance/large-language-models
- https://www.scnsoft.com/artificial-intelligence/case-studies/banking/chatbot
Gradient Labs
- https://gradient-labs.ai/
- https://gradient-labs.ai/product
- https://fintech.global/2025/07/08/fintech-gradient-labs-raises-13m-to-expand-ai-platform/
Cohere
- https://cohere.com/
- https://cohere.com/blog/north-ga
- https://www.newswire.ca/news-releases/rbc-and-cohere-partner-to-develop-the-next-generation-of-highly-secure-generative-ai-solutions-for-financial-services-864623142.html
- https://cohere.com/customer-stories/oracle
EXL
- https://www.exlservice.com/services-and-solutions/artificial-intelligence
- https://www.exlservice.com/about/newsroom/exl-launches-specialized-insurance-large-language-model-leveraging-nvidia-ai-enterprise
- https://www.exlservice.com/about/newsroom/exls-lds-platform-recognized-luminary-celent-new-business-and-underwriting-systems
Xapien
- https://xapien.com/
- https://info.xapien.com/due-diligence-uk
- https://xapien.com/case-studies
- https://xapien.com/case-studies/british-private-bank-customer-story
- https://xapien.com/news-events/partnering-with-cytora-to-bring-rapid-automated-due-diligence-to-commercial-insurers
- https://www.thetimes.com/business-money/entrepreneurs/article/use-of-ai-for-checks-could-help-city-cut-money-laundering-enterprise-network-6vng7qfp6
Clari5
- https://www.clari5.com/
- https://www.clari5.com/clari5-genie/
- https://www.clari5.com/anti-money-laundering/
- https://www.clari5.com/clari5-mule-fraud-detection/
- https://www.clari5.com/payments-fraud-reporting/