AI Articles and Analysis in Finance

Episode summary: In this episode of AI in Industry, we speak with Andy Terrel, the Chief Data Scientist at REX - Real Estate Exchange Inc., about how AI is being used in the real estate sector today.

Developments in artificial intelligence have had global banks recently integrate online chatbots into their websites and mobile apps. Smaller, newer banks are following this example. The gaining popularity of chatbots could be considered surprising for an industry that handles other people’s wealth and perceives security as top priority.

Episode summary: In this episode of AI in Industry, we speak with Dr. Sanmay Das from the Washington University in St. Louis about risk prediction and management in industries like banking, insurance and finance.

This article is based on a presentation originally given by Daniel Faggella, CEO & Founder at Emerj (formerly TechEmergence) to a group of real estate executives at a Grupo4s "Future of Real Estate" event in San Francisco, in March of 2018.

Deloitte, EY, PricewaterhouseCoopers (PwC) and KPMG are among the largest service providers in the accounting industry— collectively referred to as the Big Four. Many of the financial and consulting services offered by these firms - such as advising on investment decisions - involve finding patterns in very large sets of data. This data is often beyond the understanding of a single person (or team of persons) and is often “noisy” and without a set format.

There is a consensus among industry experts (both from our own insurance AI secondary research, and according to a 2017 Accenture survey report) that AI is going to be a key driver in making insurance products "smarter" in the coming 2-3 years.

The following brand partnership article was written by BIS Research analyst Rahul Papney, and edited by Raghav Bharadwaj of Emerj. For information about our advertising and publishing arrangements with brands, please visit our partnerships page.

Professor Jonathan Tapson is Director of the MARCS Institute for Brain, Behavior & Development at Western Sydney University in Australia. He holds a PhD in Engineering from the University of Cape Town in South Africa. Professor Tapson's recent research has recently lead him to apply neural networks to problems in finance. See our partnership and thought leadership publishing options on our Emerj partnerships page.