AI Articles and Analysis in Finance

Implementing responsible AI in the financial sector is crucial for ethical practices, fairness, and transparency. Financial institutions must prioritize data privacy, address biases, ensure explainability, and practice ongoing monitoring. By doing so, they build trust, mitigate risks, and foster sustainable growth. 

While accounting as a discipline has roots going back to the 13th century, current-day accounting software is still based on manual record-keeping just as it was in the 1990s, only with digital checks in a digital checkbook register, allowing users to keep track of their finances on a computer.

Market surveillance refers to activity authorities conduct to ensure that products available to consumers adhere to applicable laws and regulations. Additionally, market surveillance in banking and finance takes a somewhat specific form.

MetLife is a leading global insurance company headquartered in New York City. It provides its customers various insurance and financial services, including life insurance, health insurance, retirement plans, and investment management.

Although not often regarded as a technological first-mover, the insurance industry has recently seen robust, even rapid, adoption and deployment of AI capabilities, particularly in those related to natural language processing (NLP). 

Insurance is a growing arena for AI adoption and in many cases, automation is leading the way to streamline customer experiences and the organizational pipelines behind them along the entire customer journey.

DocuSign is an American company that provides digitized document management services. The company’s target market are companies who need help managing electronic business agreements.

The company that would become PayPal Holdings first entered the electronic payments space in 1999, a year after being founded as Confinity. Confinity merged with Elon Musk’s x.com in 2000 and was renamed PayPal the following year. The company went public in 2002 shortly before its acquisition by eBay, through which it became “the site’s official payments provider.” eBay spun off PayPal as an independent company in 2015.