Artificial

Intelligence in the
Finance Industry
 INTODUCTION
Artificial Intelligence
Artificial intelligence refer to machine systems that mimic human intelligence
to perform tasks. AI is intended to significantly enhance human capabilities
and contribution, making it very valuable asset.

Finance
Finance is the management of money and includes activities such as
investing, borrowing, lending, budgeting, saving and forecasting.

Artificial Intlligence in Finance

Can free up personal, improve security measures and ensure that the
business is moving in the right techonology- advanced, innovative
direction.
38% of companies already use
AI in some capacity
Current Impact
Industry Changes
● Leading financial institutions have started
hiring Chief AI Officers and investing in AI
labs & incubators
● AI-powered banking bots are commonplace
Success Stories
● JP Morgan Chase deployed AI for document
processing (300k+ hours reduced to seconds)
● Hedge funds are using AI to detect acquisitions
from humanly imperceptible market changes

● Intelligent personal investment products ● Credit agencies implemented AI for risk

are available at scale assessments

● Starting in 2019, CFA exam will have an AI

section

● Many companies are building custom in-

house solutions
 Top Reasons Banks Use Artificial
Intelligence

60% 59% 54%

DATA ANALYSIS INCREASED COST BENEFIT/
AND INSIGHT PRODUCTIVITY SAVINGS
Application of AI In Financial Services

AI in Personal AI in Consumer
Finance Finance

AI in Corporate
Finance
 Current situation & problems

Current Problems
situation
01 02 03
A wide implementation of a high-
end technology like AI in India is Security Fraud Governanc
not going to be without challenges.
From the lack of a credible and Detection e
quality data to India’s diverse
language set, experts believe a
number of challenges exist for the
Indian banking sector using AI.
CONCLUSION

AI in finance is generally learning about patterns ,

data and many developments in the financial world.
In conclusion, artificial intelligence significantly
contributes to the finance industry , will continue to
keep the financial services updated and ready face the
market.