AI Use Cases in Finance Many use cases are already demonstrating the value of AI in financial services, with many more innovations on the horizon. Here are just a few examples: Anti-money laundering (AML) and fraud detection: AI can analyze transaction patterns in near-real time to identify...
Artificial intelligence (AI) in finance is the use of technology, including advanced algorithms and machine learning (ML), to analyze data, automate tasks and improve decision-making in the financial services industry. Artificial intelligence in finance refers to the application of a set of technolog...
AI in the fintech industry: current state & the future $42.8 bn the estimated size of the global AI in fintech market in 2023 Mordor Intelligence 85% of financial companies believe AI will benefit their business in the next 3 years The Economist $1 tn the additional value AI can generate...
Artificial intelligence (AI) is revolutionizing how we work, create, and interact. Discover how AI use cases across industries are transforming and personalizing experiences, helping people and businesses solve problems in new ways, improving efficiency, and accelerating discovery. AI in Action At the...
Artificial intelligence allows banks to become more efficient in the process of detecting fraud and money laundering, AI automatically conducts and compresses
Impact of artificial intelligence in insurance industry One of the most revolutionary advances has been the use of AI in insurance, which has been hailed as having significant economic and societal advantages that eventually boost risk pooling and improve risk reduction, mitigation, and prevention. ...
Artificial intelligence: how leading companies define use cases, scale-up utilization, and realize valueArtificial intelligence (AI) is one of the most transformative information technologies of our century. Despite high expectations across all industries and corporate functions, companies have difficulties ...
Artificial intelligence (AI) and machine learning are being rapidly adopted for a range of applications in the financial services industry. As such, it is important to begin considering the financial stability implications of such uses. Because uses of this technology in finance are in a nascent ...
Explore articles and analysis related to artificial intelligence in finance, including coverage of banking, insurance, fintech, and more.
This article develops a framework for understanding and addressing the increasing role of artificial intelligence ('AI') in finance. It focuses on human responsibility as central to addressing the AI 'black box' problem — that is, the risk of an AI producing undesirable results that are unrecogn...