AI in Finance and Banking | Free White Paper

AI in Finance and Banking

Comprehensive Guide to AI Applications in Financial Services
Explore how AI is transforming banking and finance through fraud detection, credit scoring, algorithmic trading, and personalized customer service. Learn from real-world case studies including JPMorgan Chase, Capital One, DBS Bank, and HSBC.
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AI in Finance and Banking
Applications, Opportunities & Challenges
March 2024
The Business Analytics Institute
BAI/ZHAW Summer School

What You'll Discover

This comprehensive white paper explores AI applications across traditional banks, neobanks, open finance, and decentralized finance (DeFi). Understand how Machine Learning, Natural Language Processing, Predictive Analytics, and Robotic Process Automation are reshaping the financial landscape.

Learn from detailed case studies including Capital One's fraud detection systems, DBS Bank's AI-powered customer service, HSBC's robotic process automation, and JPMorgan's AI contract review.

21 pages of in-depth analysis, practical frameworks, case studies, and strategic recommendations from The Business Analytics Institute.

"Where and how can you apply AI today in banking and finance to promote efficiency, informed decision-making, and customer-centricity?"

Key Topics Covered

Industry Overview

Comprehensive analysis of traditional banks, neobanks, open finance, and DeFi platforms with market data and trends shaping the €105+ trillion global banking sector.

AI Technologies

Deep dive into Machine Learning, NLP, Predictive Analytics, Agent-based Modeling, RPA, and Smart Contracts with practical applications in financial services.

Targeted Opportunities

Fraud detection, credit scoring, customer service, algorithmic trading, risk management, AML/KYC, wealth management, and regulatory compliance applications.

Measuring Benefits

Frameworks for evaluating efficiency gains, enhanced customer experience, better decision-making, fraud prevention, and personalized services with quantifiable metrics.

Challenges & Solutions

Address implicit bias, data quality, explainability, interoperability, regulatory compliance, and talent management with practical mitigation strategies.

Investment & ROI

Complete cost analysis including data, computation, talent, and ongoing expenses with frameworks for calculating hard and soft ROI in AI initiatives.

Detailed Case Studies

Learn from four comprehensive case studies documenting real-world AI implementations at leading financial institutions. Capital One's fraud detection systems analyze patterns to protect 65 million customers. DBS Bank's 600+ AI/ML models generated $112.5M in revenue uplift. HSBC's 1,000+ RPA bots process 20 million transactions globally. JPMorgan's COIN platform reduced 360,000 hours of contract review to seconds.

Designed for the BAI/ZHAW Summer School on AI in Banking and Finance, July 1-10, 2024 in Anglet, France.

Essential Reading for Finance & AI Professionals • From the Business Analytics Institute

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