Ai

CFOs and finance teams have been leveraging the digitization of finance to adapt to challenging market conditions over the past decade. AI is a transformative technology that can unlock the power of financial data and improve decision-making, while also easing regulatory compliance and providing accurate predictive and analytical insights. AI applications in finance range from machine learning algorithms to improve forecasting and credit risk scoring, to natural language processing powering chatbots that support customer service and report generation processes. AI’s ability to improve anomaly detection can help financial institutions limit insider trading and enhance fraud detection. AI and analytics have the potential to unlock up to $1 trillion in value for the global banking sector, with marketing and sales, risk, and HR as the highest-value business functions for AI support.