AI Articles and Reports in Finance

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

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AI in SupTech (Supervisory Technology) – Current Finance Applications

We have identified three areas in finance where companies are applying AI to solve real business problems: fintech, regtech, and suptech.

AI in the Indian Financial Sector - Current Traction, Opportunities and Challenges

AI in the Indian Financial Sector – Current Traction, Opportunities and Challenges

The banking and financial sectors are among the top five applications for artificial intelligence across the globe. With India seeming to have woken up to the potential of AI, we decided to cover the developments in the Indian artificial intelligence sector. We then researched the use of AI in the Indian financial services market to better understand where AI comes into play and to answer the following questions:

AI for Cybersecurity in Finance - Current Applications

AI for Cybersecurity in Finance – Current Applications

In 2017, Equifax’s systems were compromised by hackers, and the data of over 143 million Americans was exposed. Other incidents, such as the WannaCry and Petya ransomware scams, have highlighted the vulnerabilities in financial cybersecurity globally. According to the Global Banking and Finance Review, such cyber attacks have cost nearly USD 360 billion per year in losses for each of the last three years.

AI for Claims Processing and Underwriting in Insurance - A Comparison of 6 Applications 2

AI for Claims Processing and Underwriting in Insurance – A Comparison of 6 Applications

Willis Tower Watson found that $728 million was invested into insurtech companies in Q1 of 2018 across 66 transactions. This was double the dollar amount invested in Q1 of 2017. It follows that AI would find its way into the insurtech world.

Artificial Intelligence in Debt Collection - Near-Term Applications 1

Artificial Intelligence in Debt Collection – Near-Term Applications

According to the Consumer Financial Protection Bureau, Americans filed more grievances about debt collections than about any other financial incident. Of the 316,810 complaints received by the CFPB about debt collection in 2017, the most common was, “Continued attempts to collect debt not owed,” which was cited by 39 percent of grievance filers.

AI in Blockchain - Current Applications and Trends

AI in Blockchain – Current Applications and Trends

Today, two highly discussed disruptive technologies are artificial intelligence and blockchain. In this piece, we aim to highlight projects where AI and blockchain might be used together to support the B2B environment.

Finance

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