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

July 11, 2024
in DeFi
Reading Time: 2 mins read
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The position of AI in monetary providers is quickly evolving. Not because the heady days of the Web growth has an rising expertise so powerfully captured the creativeness of corporations, buyers, employees, and customers around the globe.

As monetary providers corporations seek for methods to reap the benefits 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 take heed to these entrepreneurs, analysts, and buyers who’ve taken the time to know each AI’s promise in addition to its limitations. Right here, in our newest sequence 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, Accomplice of Bain Capital Ventures, we find out how generative AI is reworking the way in which monetary establishments leverage unstructured knowledge, streamline processes, enhance underwriting, and broaden their product choices. The dialog additionally touches on the significance of information high quality and alter administration in AI adoption for monetary establishments, offering precious classes from early adopters.

How will you make AI adoption worthwhile?

Chris Brown, President of Intelygenz USAA, talks about 20 years of optimizing banking and fintech by way of deep tech and AI options, and shares his prime takeaways from his keynote deal with at FinovateSpring earlier this 12 months. Brown discusses a few of Intelygenz’s methods to beat frequent AI undertaking pitfalls, and explains the corporate’s end-to-end method to shopper engagement.

Navigating fraud prevention challenges with AI

Intellicheck CEO Bryan Lewis explores up to date challenges in fraud prevention, the constraints of conventional strategies, and the position 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 corporation from fraud.

Photograph by Tara Winstead


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Tags: automationFinancialFraudpreventionProfitabilityservices
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