Application of AI in Finance

Artificial Intelligence (AI) is being used in the financial services industry worldwide. Financial institutions and Financial Technologies (FinTech) start-ups are using AI methods to assess credit quality, to price and market insurance contracts, and to automate client interaction. Some of these companies are optimising scarce capital with AI and machine learning techniques, as well as back-testing models and analysing the market impact of trading large positions. Hedge funds, broker-dealers, and other firms are using AI to find signals for higher (and uncorrelated) returns and optimise trading execution. These companies are using these technologies for regulatory compliance, surveillance, data quality assessment, and fraud detection.