AI Is Transforming Financial Services NOW - Do You Have Multiple AI Projects Up & Running?

AI is deployed in multiple ways within financial services NOW. Here are just a few examples:

CREDIT - Faster and more accurate credit adjudication. Approved credit is risk priced.

FRAUD DETECTION - Detects fraud faster to prevent financial loss.

SALES - Generates a range of sales content including emails, letters, and presentations.

WEALTH MANAGEMENT - Defines personalized investment portfolios and asset allocations based on investor risk profile. Can also realign portfolios on an ongoing basis.

CUSTOMER SERVICE - Enhanced customer service 24 x 7 with AI powered Avatar chatbots.

VC & PE - AI helps VC & PE firms with due diligence, deal sourcing, and portfolio company monitoring.

INSURANCE - AI can handle large amounts of unstructured data and even process audio, images, and videos enabling insurance companies to process claims faster while lowering fraudulent claims.

A "Build and Buy" AI strategy is the best combination to access readily available AI tools now (Buy) while leveraging one's own DATA (Build) to create proprietary products and services that add value to customers and create competitive advantage.

Consider diversifying your AI project risk by launching several AI initiatives simultaneously across the organization. Adopting this "portfolio" approach spreads your AI bets to increase the likelihood of success with this innovative new technology.

AI_Financial_Services_Arrows_Background.pdf

Download PDF • 4KB