HGS has been awarded the 'Behavioral AI Solution of the Year' at the 8th Annual AI Breakthrough Awards for its innovative financial crimes detection tool.

The award recognizes HGS's Psychometric Risk State Prediction Model, which utilizes AI to categorize user risk based on historical data and behavioral analytics.

This model employs Markov state transitions to predict whether users will remain in their risk category or shift to another, thereby assisting in risk mitigation strategies.

In addition to this model, HGS has developed a Keyword State Prediction Model that analyzes keywords from AI-generated summaries to identify changes in financial anomaly themes and fraud patterns.

The AI Breakthrough Awards program received over 5,000 nominations from more than 20 countries, highlighting the global significance and rapid growth of AI technologies.

Steve Johansson, Managing Director of AI Breakthrough, emphasized the critical role of sophisticated AI tools in detecting and preventing financial crimes before they result in losses.

Venkatesh Korla, CEO of HGS, stressed the necessity of proactive AI solutions in fraud prevention, asserting that their technologies are designed to enhance financial crime management and protect customer trust.

The award announcement was made on July 2, 2025, by AI Breakthrough, a prominent organization that recognizes leading companies and technologies in the AI sector.

HGS is part of the Hinduja Group, employing over 18,000 people globally, and reported a total income of approximately US$ 586.1 million for the fiscal year ending March 31, 2025.

Johansson noted that HGS's technologies are pivotal in evolving financial crime prevention strategies amidst increasingly sophisticated threats.

Korla highlighted that their AI solutions are proactive rather than reactive, aiding organizations in combating financial loss.

HGS's Keyword State Prediction Model enhances insights into fraud patterns by tracking changes in financial anomaly themes.