6 Applications of Artificial Intelligence & Machine Learning in Financial Services

| May 23, 2018

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The rise of artificial intelligence is set to disrupt financial services on a massive scale and a host of banks are increasingly turning to AI-powered technologies to improve existing processes and develop new innovations. Given that a recent PWC study found that AI has the potential to consist of $15.7tn of the world economy by 2030, it signals a huge opportunity for multiple industries, including financial services. This article will highlight 6 applications of AI in Finance today to give professionals an idea of what is possible and will also suggest some next steps to build a deeper understanding of AI in Finance. Specifically, the article provides a birds-eye overview of how AI is being applied to wealth and asset management, insurance, customer service, robotic process automation, credit scoring & compliance and fraud detection.

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Gatewood Capital Partners

Gatewood Capital Partners (GCP) is a private equity firm focused on seeding new private equity, real estate and other types of asset managers and making strategic investments in the management companies and general partners of established private equity funds. We are active in the private equity asset management market, targeting primarily small to medium sized private equity managers that manage investment vehicles with up to $2.0 billion of assets under management.

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Spotlight

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