AI Articles and Analysis in Finance

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

How Natural Language Processing Will Impact Brick-and-Mortar Banking

How Natural Language Processing Could Impact Brick-and-Mortar Banking

In recent years, there seems to be a sense of urgency for banks to go digital and expand into new communication channels. In ten years time, physical brick and mortar banking might not be the preference of the majority of customers. To attract younger millennial customers, banks seem to be realizing the need to understand their preferences and interact with them in the way they want to be communicated with.

Artificial Intelligence at Mastercard - Current Projects and Services

Artificial Intelligence at Mastercard – Current Projects and Services

Banks and financial institutions are particularly opaque when it comes to how they implement and leverage AI for their business. Mastercard is a key example of this because they use most of their AI applications internally and have only recently begun to make their technology more transparent to the greater financial industry.

Artificial Intelligence in Finance - a Comprehensive Overview

Artificial Intelligence in Finance – a Comprehensive Overview

The finance sector has proven itself an early adopter of AI in comparison to other industries. As such, the applications of artificial intelligence and machine learning in finance are myriad. Traders, wealth managers, insurers, and bankers are likely well aware of this in some form.

Facial Recognition in Finance - Current Applications

Facial Recognition in Finance – Current Applications

To some, facial recognition may feel like an AI technology with one chief use case and numerous niche ones that are not helpful outside of the client company that requested it. While security and anti-fraud solutions tend to dominate the conversation, there are many actionable possibilities for facial recognition software.

What do Insurance Experts Think about AI in Claims Processing?

What do Insurance Experts Think about AI in Claims Processing?

The insurance industry is dominated by large global firms that deal with thousands of customers filing insurance claims every day. Claims processing is a huge part of the insurance business process and improving turnaround time for each claim is critical to reducing operational costs at insurance firms.

AI in the Asian Insurance Sector - Current Applications

AI in the Asian Insurance Sector – Current Applications

AI applications for the insurance industry have certainly garnered a lot of press lately. We’ve previously covered such applications in the American and European insurance spaces. Countries in Asia such as China and Japan have large insurance industries and seem to have established national AI strategies.

Big Data in Insurance - Current Applications

Big Data in Insurance – Current Applications

Even during a time when the buzz around AI and digital data storage is prominent, there are still some companies with large amounts of backlogged data that are taking up space in their databases, but not providing enough value. Large stores of enterprise and customer data can be valuable to insurance companies for optimizing their business operations and gaining analytical insights on how their business decisions affect company growth.

Natural Language Processing for Insurance Customer Insights

Natural Language Processing for Insurance Customer Insights

Along with the rise in popularity of chatbots and simple conversational interfaces, there is growing interest around other natural language processing (NLP) capabilities in the banking, finance, and insurance industries.

Finance

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