Latest AI Articles:

COVID-19 did not just bring waves of diseases and contagious variants across the world starting in early 2020 – a tsunami of fraud soon followed the broad sweep of a pandemic that would engulf the global insurance industry. 

The finance industry has evolved quite a long way since the days of the SAC scandal and after being diagnosed with an insider trading epidemic in 2014 by academic studies from McGill and New York University – learning countless lessons along the way.

Well before the surge of COVID-19 unearthed a veritable plague of criminal activity taking place over screens and digitized realms, banks were well aware they had a problem with cybercrime. 

Chevron is the second largest producer of oil in the United States (Exxon Mobil). The company is traded on the NYSE (symbol: CVX) and has a market capitalization of approximately $322 billion.  

Picture a financial services company and images of numbers, analysis, and data-crunching in scrutinizing reports come to mind — and for good reason. In the heavily regulated world of financial services, decision-makers rely on data to feed their decisions and support their conclusions. 

The importance of AI in the pharmaceutical space has grown exponentially over the last few years, spearheaded by global demand for a COVID vaccine at the pandemic’s apex. Moreover, AI has proven helpful throughout the pandemic, all while providing glimpses into the future promise of the technology. 

Episode summary: In this episode, we speak with Alan O'Herlihy, Founder and CEO of Ireland-based Everseen. Alan speaks to us about how machine vision systems can be used to detect theft or mistakes at a checkout counter (including forgetting to scan items, customers intentionally hiding items, and more). Alan not only explains where these technologies are in use today, but he also breaks down some of his own predictions about what these computer vision systems might make possible in the workplace of tomorrow.

An operational compliance framework is critical for banks and other financial institutions (FIs). However, it is a tremendous challenge to constantly and uniformly comply with regulations, guidelines, and laws, given the complexity and immensity of legislation.

Abbott Laboratories (NYSE symbol: ABT) is an American multinational healthcare and medical devices company based in Abbott Park, Illinois. Known for its medical device and pharmaceutical products, the company reported net sales of $43.1 billion in 2021.

The era of humans serving as sole agents for lending and underwriting is no more. Machine learning and AI are now more ubiquitous within financial institutions and insurance companies, thanks in no small part to the automation of lending and underwriting processes.