How Artificial Intelligence is Transforming Finance

While Artificial intelligence (AI) continues to disrupt a multitude of sectors, no industry is projected to benefit more from incorporating AI systems than banking, says Sameer Maskey, Founder & CEO of Fusemachines, an AI solutions & services provider based in New York.

Maskey predicts that banking is increasingly looking to AI solutions following analysts’ estimations the emerging technology will save banking more than US$1 trillion by 2030. He offers his conversations with bank executives which illustrate the industry is ‘seriously considering artificial intelligence-based solutions for many traditional banking problems’.

These solutions proving most fruitful include: automation of customer service -via chatbots- by large banks; hedge funds seeking alpha with AI on top of new layers of data sources; and AI improving risk models for insurance firms.

There is increasing industry importance on the introduction and implementation of Artificial Intelligence. As a result, having a robust understanding of AI, its use cases and its best implementations is vitally important for industry success.

Fortunately, CFTE has formed AI in Finance — a leading programme which allows participants to learn from senior industry leaders who hail from the large financial institutions, fast growing startups and regulatory agencies. Featuring 18 guest speakers and 5 senior lecturers, learners will understand how AI transforms finance. Designed for those novices or professionals who want to be part of this flourishing industry (and with no prerequisites) — join the AI revolution in Finance today!

by Hashvin Sandhu