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-Enabled Search and Discovery for Mortgage Processing and Underwriting

AI-Enabled Search and Discovery for Mortgage Processing and Underwriting

The financial sector was among the first to adopt artificial intelligence in business by automating fraud prevention with anomaly detection technology. Now financial institutions, including lenders, stand to benefit from automating back-end processes by digitizing documents and eliminating manual data entry.

Artificial Intelligence at Progressive - Snapshot and Flo Chatbot

Artificial Intelligence at Progressive – Snapshot and Flo Chatbot

Progressive is one of the largest auto insurers in the US. The company has been experimenting with AI since the middle of the 2010s, with customer-facing applications that update insurance premiums based on driving habits and answer questions in a chat window. In this article, we discuss both of these AI use-cases. More specifically:

Artificial Intelligence at Goldman Sachs - Current Initiatives

Artificial Intelligence at Goldman Sachs – Current Initiatives

The top 100 global banks, including Goldman Sachs, are beginning to take AI strategies very seriously.

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What Banking Leaders Think About AI - And What They're Missing 950x540

What Banking Leaders Think About AI – and What They’re Missing

The AI conversation has made it into the C-suite at large banks. Leaders from Citi to JP Morgan are considering how to respond to their competitors' press releases and looking to craft winning AI strategies and adopt low-hanging fruit AI applications in their business.

5 Ways Banking Chatbots Improve Customer Experience

5 Ways Banking Chatbots Could Improve the Customer Experience

In banking and finance, chatbots have the potential to improve the customer experience by allowing customers to check their account balances, transfer money, learn about interest rates, change their billing addresses, and more.

Artificial Intelligence for Digitizing Claims Processing - A Brief Overview

Artificial Intelligence for Digitizing Claims Processing – A Brief Overview

Many large insurers are finding ways to digitize parts of their business process in preparation for future projects involving machine learning. This is especially true in claims processing, which could become faster and less error-prone if claims adjusters did not have to search through large amounts of data or paper documents manually.

Top 3 Most Funded AI Startups in Insurance – An Overview

Top 3 Most Funded AI Companies in Insurance – An Overview

Several key insurance carriers began to experiment with AI in the last decade, including Progressive, All-State, and State Farm. Although not as large as the banking and retail industries, the AI vendor landscape in insurance is growing.

Innovating With AI and Data Science in Insurance - Strategies For Success

Innovating With AI and Data Science in Insurance – Strategies For Success

In the past, we’ve explored the need for insurance companies to adapt to millennial buying preferences through customized policy offerings and a more personalized customer experience. AI could help to these ends, but how could insurance carriers reach this point of AI transformation?

Finance

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