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Use Cases and Trends in Artificial Intelligence for Financial Services

A review of where financial services companies are beginning to implement artificial intelligence.

August 15, 2018 By Todd Anderson Leave a Comment

Views: 1,706

Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate staff to more meaningful work. We wanted to explore some of the current use cases for AI based technologies in financial services and where the industry is heading in the coming years.

Cut through the hype and you will find financial firms have started to implement AI in a few different areas. Back office operations and data management has been the biggest beneficiary as companies can run algorithms across full data sets and cut out repetitive tasks.

[Read more…]

Filed Under: Peer to Peer Lending Tagged With: artificial intelligence, Automation Anywhere, Bank of America, Barclays, Capgemini, Capital One, IBM, Microsoft, Oracle, robotic process automation, SEB, Simudyne Technology, Swedbank, UiPath, Wells Fargo

Views: 1,706

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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