AI Articles and Analysis in Finance

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

AI and IoT in Banking and Finance - Current Applications

AI and IoT in Banking and Finance – Current Applications

There are several companies claiming to offer AI solutions to banks and financial institutions. We found that these solutions are intended to help banking and finance companies with at least one of the following business problems:

Machine Learning for Decision Support in Tax and Accounting

Machine Learning for Decision Support in Tax and Accounting

Episode Summary: Many machine learning applications in business can be boiled down to some form of decision support. There are big decisions like deciding whether or not to merge or acquire another company, and there might be smaller decisions like whether or not a tumor has enough traits that make it seem like it's worth a surgical procedure or if it's worth leaving alone.

An Overview of AI for Wealth Management – What’s Possible Today?

An Overview of AI for Wealth Management – What’s Possible Today?

According to a 2017 report by the Financial Stability Board, artificial intelligence (AI) and machine learning firms managed assets of over $10 billion in 2017, with further growth projected in the next five years. The reasons for this are clear; AI can now present wealth managers with new capabilities to enhance and further personalize their services, at scale.

AI for Payment Processing - Current Applications

Artificial Intelligence in Payment Processing – Current Applications

It seems that the majority of AI solutions for payment processing are focused on fraud detection and prevention. Some companies claim to offer straight-through processing software as well. Below, we detail four companies that all claim to offer artificial intelligence to banks and payment processors looking for solutions in two key areas:

AI for Credit Scoring - an Overview of Innovation

AI for Credit Scoring – An Overview of Startups and Innovation

Several companies offer AI-based credit scoring applications to banks and enterprise creditors looking to better understand the risk associated with their potential borrowers. Traditional methods of credit scoring take into consideration the credit histories of potential borrows, but this might not allow certain people access to credit despite the fact that they could pay their loans back when their payments are due.

An Overview of AI Document Digitization in Finance

An Overview of AI Document Digitization in Finance

There are several companies claiming to offer AI document digitization solutions to banks, insurance enterprises, and other financial institutions. We found that these solutions are intended to help financial institutions with at least one of the following business problems:

AI for Customer Service in Banking

AI for Customer Service in Banking – Current Applications

IDC estimated the size of overall AI-related spending in the banking industry in their Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide report at around $3.3 billion in 2018. It follows that AI would find its way into the banking world. We covered the current state of AI banking applications in the US and India in our previous reports, and in this report, we're going to focus on where AI can be leveraged for customer service applications in banking. This report covers vendors offering software across three functions:

Document Search and Data Mining in Insurance - Claims Processing, Fraud Detection, and Data Management

Document Search and Data Mining in Insurance – Claims Processing, Fraud Detection, and Data Management

This article was originally written as part of an in-depth AI report sponsored by Iron Mountain, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Thought Leadership Services page.

Finance

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