AI Articles and Analysis in Finance

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

Information Extraction in Banking - Compliance, Contracts, and More

Information Extraction in Banking – Compliance, Contracts, and More

Large banks deal with millions of documents every day across their corporate offices and numerous branches. Although one might assume that these documents are digital, in many cases, even the largest banks store old physical documents in file cabinets and boxes off the bank’s premises, and even those that are kept on-site might be relegated to storage units amongst hundreds of thousands of other documents.

Artificial Intelligence for Credit Cards - Current Applications

Artificial Intelligence for Credit Card Companies – Current Applications

Credit card companies could make use of AI applications across multiple business areas. AI-based fraud detection is among the most widely discussed AI applications in the financial sector, and it seems to work for credit cards similarly to how it works for banks. Additionally, credit card companies and financial institutions could use AI software to improve customer service and develop customer-targeted marketing campaigns.

Artificial Intelligence in Retail Banking - Current Applications

Artificial Intelligence in Retail Banking – Current Applications

Many business processes in retail banking are ripe for automation with AI. All types of banks may appreciate the use-case of payment processing automation and fraud detection, but retail banks may also benefit from automated credit scoring and customer service chatbots.

get-in-to-harvard

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.

Finance

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