AI Articles and Analysis in Finance

Founded in 1977 by a team of engineers led by Larry Ellison, Oracle became the world's largest database management company by 1987. Today, Oracle claims a long list of innovations including:

Square is a financial services company that aims to “build common business tools in unconventional ways so more people can start, run and grow their businesses.” Founded in 2009 in San Francisco by Twitter Co-Founder Jack Dorsey and Jim McKelvey, Square reports total net revenue of $9.5 billion for 2020.

The financial services industry is buried in paperwork, and the NLP use-cases in banking and insurance grow every year.

This article has been sponsored by Iron Mountain, and was written, edited, and published in alignment with Emerj's sponsored content guidelines. 

Our AI Opportunity Landscape research clearly demonstrates how chatbots are relatively over-hyped in the marketplace, and most buyers drastically overestimate their effectiveness as a result. Some of our press releases about the bloviated claims about chatbot deployments have ruffled the feathers of conversational interface vendors.

The following is a case study for Emerj's AI Opportunity Landscape research. To learn more about how we help companies develop winning AI strategies and identify the highest-ROI applications, watch the two-minute video summary of our AI Opportunity Landscape research.
Problem
The bank had many scattered AI projects, but struggled with:

Mitsubishi UFJ Financial (MUFG) is a Japanese holdings bank and financial services company ranked 5th on S&P Global’s list of the top 100 banks, and the largest Japanese bank on the list.

The coronavirus pandemic has ushered in a new era of digital payments; those who once mailed checks and made purchases in person are now paying their bills electronically and shopping online. As the economy is rattled by the coronavirus, there are some AI startups in the payments space that will succeed and others that will fail. All are pivoting rapidly to eCommerce, if that wasn't already their focus to begin with.