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AI in Financial Services: Automation, Profitability, and Fraud Prevention

July 15, 2024
in DeFi
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The function of AI in monetary companies is quickly evolving. Not for the reason that heady days of the Web increase has an rising know-how so powerfully captured the creativeness of firms, traders, employees, and shoppers around the globe.

As monetary companies firms seek for methods to make the most of AI to enhance effectivity, higher perceive knowledge, and interact extra proactively and personally with their prospects, it’s all the extra worthwhile for us to hearken to these entrepreneurs, analysts, and traders who’ve taken the time to know each AI’s promise in addition to its limitations. Right here, in our newest collection of Streamly interviews, we current three people whose insights into AI are value listening to and sharing.

Generative AI: Extending the boundaries of what automation can do

On this interview with Sarah Hinkfuss, Companion of Bain Capital Ventures, we learn the way generative AI is remodeling the best way monetary establishments leverage unstructured knowledge, streamline processes, enhance underwriting, and develop their product choices. The dialog additionally touches on the significance of knowledge high quality and alter administration in AI adoption for monetary establishments, offering priceless classes from early adopters.

How are you going to make AI adoption worthwhile?

Chris Brown, President of Intelygenz USAA, talks about twenty years of optimizing banking and fintech by means of deep tech and AI options, and shares his high takeaways from his keynote deal with at FinovateSpring earlier this yr. Brown discusses a few of Intelygenz’s methods to beat widespread AI mission pitfalls, and explains the corporate’s end-to-end method to consumer engagement.

Navigating fraud prevention challenges with AI

Intellicheck CEO Bryan Lewis explores modern challenges in fraud prevention, the restrictions of conventional strategies, and the function of AI in enhancing safety measures. Lewis discusses how AI can each assist and hinder fraud prevention, in addition to how one can defend your self and your small business from fraud.

Picture by Tara Winstead


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Tags: automationFinancialfraudpreventionprofitabilityservices
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