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 Search and Discovery for Streamlining the Mortgage Process

AI-Enabled Search and Discovery for Streamlining the Mortgage Process

AI may have a role to play in digitizing the paper-heavy mortgage process, facilitating more streamlined search and discovery for entities across a variety of digital and scanned PDF documents. We spoke with Dan Cortright, Senior Director of Product Management at Iron Mountain, about just that. Courtright discusses how AI could help approve loans quicker, better assess risk, and allow employees to pull up documents they need to respond to customer requests.

AI at bank of America - Erica Chatbot and Future Initiatives

AI at Bank of America – Erica Chatbot and Future Initiatives

Many of the largest US banks, including Bank of America, are starting to automate many of their business processes with AI. These include ACH payments and more specific processes such as order to cash. Bank of America has been investing seriously in AI and machine learning since at least 2017 and continues to research ways they can take advantage of AI in the future.

How AI Could Benefit Investment Banking Clients - A Brief Overview

How AI Could Benefit Investment Banking Clients – A Brief Overview

Much of the discussion surrounding AI in banking is focused on retail banks, with applications such as chatbots and payment fraud detection. But there exist AI capabilities that stand to benefit investment banking clients specifically as wealth management departments begin to adopt them.

How to Use AI to Digitize Loan Processing - A Brief Overview

How to Use AI to Digitize Loan Processing – A Brief Overview

Many large banks and financial institutions are beginning to digitize parts of their business processes to prepare for future initiatives in automation and machine learning. This is particularly true with loan processing. These functions could become faster and more accurate if they use digitized data that is more easily accessible than paper documents.

AI-enabled Enterprise Search - Faggella sinequa copy

Intelligent Search in Banking and Financial Services – Current Capabilities

Financial institutions have challenges around data accessibility. They want to leverage their large amounts of data so their employees, such as customer service agents, can find the information they need quickly.

Artificial Intelligence at Wells Fargo - A Brief Overview

Artificial Intelligence at Wells Fargo – A Brief Overview

Wells Fargo has begun a number of AI initiatives, some they've created in-house and some they've created with help from vendors. In this article, we detail the following AI initiatives at Wells Fargo:

AI-Enabled Marketing in Finance - Current Applications

AI-Enabled Marketing in Finance – Current Applications

It can be difficult for financial institutions to keep up with the rapid changes in the digital marketing and advertising landscape. There are numerous factors which are susceptible to change, and they all have an effect on how useful certain marketing strategies are. As the internet and advertising evolve, some companies may find it important to consider an automated solution to driving efficiency in marketing.

AI-Based Document Digitization - An Enterprise Guide

AI-Based Document Digitization – An Enterprise Guide

Many of the key processes in industries such as banking and insurance are still done on paper. That said, many large enterprises seem to be in the process of digitizing parts of these processes in order to prepare for forays into automation and artificial intelligence. 

Finance

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