AI Articles and Analysis in Finance

Explore articles and analysis related to artificial intelligence in finance, including coverage of banking, insurance, fintech, and more.

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Emerj CEO Presented at Harvard on AI in Banking and Finance

Event Host: Harvard Univesity

Date: April 12, 2019

Team Member: Daniel Faggella, Emerj Founder and CEO

AI-based Document Digitization in Banking - Current Applications

AI-based Document Digitization in Banking – Current Applications

Optical character recognition (OCR) is a subset of machine vision technology that focuses on recognizing written letters and characters and reproducing them digitally for later use. This opens up many possibilities for the banking industry, including some security solutions, and notably, document digitization.

AI-Based Fraud Detection in Banking - What's Possible

AI-Based Fraud Detection in Banking – Current Applications and Trends

Since the early 2010s, major banks have used anomaly detection - an AI technique for identifying deviations from a norm - for automating fraud, cybersecurity, and anti-money laundering processes.

AI Search Applications in Finance - Insights from Customer Interactions

AI Search Applications in the Financial Sector – Insights from Customers Interactions

The financial sector has been an early adopter of AI. It is likely that the use of algorithms in trading and the fact that most large financial firms already have teams of software developers aided the transition into data science and AI applications in the industry.

Predictive Analytics in Banking - Current Applications

Predictive Analytics in Banking – 4 Current Use-Cases

AI applications for the banking and finance industry include various software offerings for fraud detection and business intelligence. There are also predictive analytics applications outside of these that help banks automate financial processes and services that they offer their customers and provide internal analytics.

Artificial Intelligence-Based Fraud Detection in Insurance

Artificial Intelligence-Based Fraud Detection in Insurance

In recent years, the demand for greater cybersecurity has risen even among the everyday citizen. This is especially true for one’s personal and financial information, which fraudsters are constantly finding new methods of breaching accounts to find. This need for security has also risen in insurance, and numerous AI firms are selling claims fraud detection solutions to the insurance sector.

AI at Visa - Current Projects and Services

Artificial Intelligence at Visa – Current Use Cases and Services

Applications for artificial intelligence technology within the financial industry are most often focused on document search and fraud detection. This is especially true for large credit card companies such as Visa and Mastercard, who themselves provide technology to smaller businesses and card issuers.

AI for Attracting Millennial Insurance Customers - What's Possible

AI for Attracting Millennial Insurance Customers – What’s Possible

Machine learning has far-ranging applications in the finance space broadly from document digitization to document search, chatbots to fraud detection. The insurance space in particular, however, stands to benefit from AI and machine learning applications in a few unique ways. They could help insurance firms with a challenge that’s at the forefront of the insurance world: attracting and meeting the needs of millennial customers.

Finance

Explore articles and analysis related to artificial intelligence in finance, including coverage of banking, insurance, fintech, and more.