AI Use Cases and Applications in Finance and FinTech
AI Applications in Finance & FinTech
AI Use Cases in Finance & FinTech
Fraud Detection
Leverage machine learning to detect fraudulent and abnormal financial behavior, and/or use AI to improve general regulatory compliance matters and workflows. Lower your operational costs by limiting your exposure to fraudulent documents.
Insurance & InsurTech
Leverage machine learning to process underwriting submissions efficiently and profitably, quote optimal prices, manage claims effectively, and improve customer satisfaction while reducing costs. Detect your customer’s risk profile and provide the right plan.
Travel & expense management
Use deep learning to improve data extraction from receipts of all types including hotel, gas station, taxi, grocery receipts. Use anomaly detection and other approaches to identify fraud, non-compliant spending. Reduce approval workflows and processing costs per unit.
Financial Analytics Platform
Leverage machine learning, Natural Language Processing, and other AI techniques for financial analysis, algorithmic trading, and other investment strategies or tools.
Credit Lending & Scoring
Use AI for robust credit lending applications. Use predictive models to uncover potentially non-performing loans and act. See the potential credit scores of your customers before they apply for a loan and provide custom-tailored plans
Billing
Leverage accessible billing services that remind your customers to pay. Increase your loan recovery ratios. Use automated invoice systems for your business.
Robo-Advisory
Use AI finance chatbot and mobile app assistant applications to monitor personal finances. Set your target savings or spending rates for your own goals. Your finance assistant will handle the rest and provide you with insights to reach financial targets.
Regulatory Compliance
Use Natural Language Processing to quickly scan legal and regulatory text for compliance issues, and do so at scale. Handle thousands of paperwork without any human interaction.
Debt Collection
Leverage AI to ensure a compliant and efficient debt collection process. Effectively handle any dispute and see your success right in debt collection.
Data Gathering
Use AI to efficiently gather external data such as sentiment and other market-related data. Wrangle data for your financial models and trading approaches.
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