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

by crypetonews
July 10, 2024
in DeFi
Reading Time: 2 mins read
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The role of AI in financial services is rapidly evolving. Not since the heady days of the Internet boom has an emerging technology so powerfully captured the imagination of companies, investors, workers, and consumers around the world.

As financial services companies search for ways to take advantage of AI to improve efficiency, better understand data, and engage more proactively and personally with their customers, it is all the more worthwhile for us to listen to those entrepreneurs, analysts, and investors who have taken the time to understand both AI’s promise as well as its limitations. Here, in our latest series of Streamly interviews, we present three individuals whose insights into AI are worth hearing and sharing.

Generative AI: Extending the boundaries of what automation can do

In this interview with Sarah Hinkfuss, Partner of Bain Capital Ventures, we learn how generative AI is transforming the way financial institutions leverage unstructured data, streamline processes, improve underwriting, and expand their product offerings. The conversation also touches on the importance of data quality and change management in AI adoption for financial institutions, providing valuable lessons from early adopters.

How can you make AI adoption profitable?

Chris Brown, President of Intelygenz USAA, talks about two decades of optimizing banking and fintech through deep tech and AI solutions, and shares his top takeaways from his keynote address at FinovateSpring earlier this year. Brown discusses some of Intelygenz’s strategies to overcome common AI project pitfalls, and explains the company’s end-to-end approach to client engagement.

Navigating fraud prevention challenges with AI

Intellicheck CEO Bryan Lewis explores contemporary challenges in fraud prevention, the limitations of traditional methods, and the role of AI in enhancing security measures. Lewis discusses how AI can both help and hinder fraud prevention, as well as how you can protect yourself and your business from fraud.

Photo by Tara Winstead


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Tags: AutomationFinancialfraudPreventionProfitabilityServices
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