Artificial intelligence has entered many different industries, and the finance industry is no exception. AI is used in a variety of ways in finance, from helping banks detect fraudulent activity to making it easier for customers to manage their money.
In this blog post, we will take a closer look at how AI is used in finance, what roadblocks it faces and what to expect in the future. All illustrations are AI-generated from text-to-image command prompts like “robot banker,” “Matrix bank,” etc.
Management of claims and AI-based fraud detection
Quantitative trading AI
AI Adoption Roadblocks
Dearth of talent
Resistance within the company’s culture