AI Articles and Analysis in Finance

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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.

Though in its nascency, the Indian banking sector is beginning to adopt artificial intelligence (AI). While large commercial and investment banks globally are incorporating AI and blockchain for both back-office and customer-facing purposes, in India, widespread adoption of these technologies has not yet come to fruition. 

Lending is a massive business in the United States which directly and indirectly touches almost all parts of the economy. With tens of millions of Americans holding loans worth trillions of dollars, any technology that can make even a small improvement in a company’s returns on the loans they hold, or that can improve their share of the market, would be worth a significant amount of money.

The insurance industry is a competitive sector representing an estimated $507 billion or 2.7 percent of the US Gross Domestic Product. As customers become increasingly selective about tailoring their insurance purchases to their unique needs, leading insurers are exploring how machine learning (ML) can improve business operations and customer satisfaction.

Artificial intelligence is likely to affect the entire landscape of insurance as we know it. Change is here, more is coming. Today, the insurance market is dominated by massive national brands and legacy product lines that haven’t substantially evolved in decades. This kind of stagnation has historically suggested that it is an industry ripe to be disrupted.

Real estate is a cost for nearly every business, whether leasing, owning or managing.

Process automation from AI offers a tremendous opportunity to lower costs associated with commercial real estate, especially those associated property management.

While tech giants tend to hog the limelight on the cutting-edge of technology, AI in banking and other facets of the financial sector is showing signs of interest and adoption even among the banking incumbents.