https://insideainews.com/tag/finance/ Illuminating AI's Frontiers: Your Go-To News Destination. Fri, 05 Jul 2024 15:17:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://insideainews.com/wp-content/uploads/2024/06/iain-favicon.png https://insideainews.com/tag/finance/ 32 32 136462205 https://insideainews.com/2024/07/05/the-cfos-quest-in-an-ai-first-world/ https://insideainews.com/2024/07/05/the-cfos-quest-in-an-ai-first-world/#respond Fri, 05 Jul 2024 10:00:00 +0000 https://insideainews.com/?p=35499 A new research study with HFS Research from Genpact (helping leading finance organizations with digital transformation) found that leading CFOs expect AI to be the "future" of their company. The CFOs surveyed – including chiefs from HP, HSBC, Trinity Health and more – see the biggest potential for data analysis, customer integration and forecasting, but also expressed concern about how to take the next step. ]]> https://insideainews.com/2024/07/05/the-cfos-quest-in-an-ai-first-world/feed/ 0 35499 https://insideainews.com/2024/07/02/the-importance-of-ai-in-the-financial-industry/ https://insideainews.com/2024/07/02/the-importance-of-ai-in-the-financial-industry/#respond Tue, 02 Jul 2024 10:00:00 +0000 https://insideainews.com/?p=35483 In this feature article, Daniel D. Gutierrez, insideAInews Editor-in-Chief & Resident Data Scientist, discusses how AI has emerged as a transformative force across various sectors, and the financial industry is no exception. With its ability to process vast amounts of data, uncover patterns, and make predictions with unprecedented accuracy, AI is reshaping how financial institutions operate, manage risks, and serve their clients. This article explores the multifaceted impact of AI in the financial industry, highlighting its critical role in enhancing efficiency, improving decision-making, and fostering innovation.]]> https://insideainews.com/2024/07/02/the-importance-of-ai-in-the-financial-industry/feed/ 0 35483 https://insideainews.com/2024/06/11/harnessing-big-data-for-sustainable-financial-decisions/ https://insideainews.com/2024/06/11/harnessing-big-data-for-sustainable-financial-decisions/#respond Tue, 11 Jun 2024 13:01:00 +0000 https://insidebigdata.com/?p=35388 In this contributed article, freelance writer Ainsley Lawrence suggests that in the financial sector, decision-making often comes with a higher degree of risk, but with insights provided by big data, those risks can be mitigated, leading to increased revenue and enhanced efficiency.  ]]> https://insideainews.com/2024/06/11/harnessing-big-data-for-sustainable-financial-decisions/feed/ 0 35388 https://insideainews.com/2024/06/11/brightwave-secures-6-million-seed-round-to-launch-ai-powered-financial-research-assistant/ https://insideainews.com/2024/06/11/brightwave-secures-6-million-seed-round-to-launch-ai-powered-financial-research-assistant/#respond Tue, 11 Jun 2024 13:00:00 +0000 https://insidebigdata.com/?p=35394 Brightwave, the AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject, today announced $6 million in seed funding. The round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn. Founded by engineers with deep knowledge in AI and finance infrastructure, co-founders Mike Conover and Brandon Kotara have over 20 years combined experience building AI and machine learning products]]> https://insideainews.com/2024/06/11/brightwave-secures-6-million-seed-round-to-launch-ai-powered-financial-research-assistant/feed/ 0 35394 https://insideainews.com/2024/05/18/fintech-studios-launches-apollo-pro-and-reglens-pro-market-intelligence-and-regulatory-intelligence-apps-powered-with-conversational-generative-ai/ https://insideainews.com/2024/05/18/fintech-studios-launches-apollo-pro-and-reglens-pro-market-intelligence-and-regulatory-intelligence-apps-powered-with-conversational-generative-ai/#respond Sat, 18 May 2024 10:00:00 +0000 https://insidebigdata.com/?p=35302 FinTech Studios Inc., a leading Gen AI platform for enterprise search, market intelligence and regulatory intelligence, announced Apollo PRO and RegLens PRO, the most advanced generative AI enterprise search, market intelligence and regulatory intelligence apps that includes a “conversational chat” interface and contextually relevant “suggested prompts”, seamlessly integrated with millions of authoritative sources of web and enterprise content.]]> https://insideainews.com/2024/05/18/fintech-studios-launches-apollo-pro-and-reglens-pro-market-intelligence-and-regulatory-intelligence-apps-powered-with-conversational-generative-ai/feed/ 0 35302 https://insideainews.com/2024/01/20/new-onestream-research-finds-80-of-financial-decision-makers-believe-ai-will-increase-productivity/ https://insideainews.com/2024/01/20/new-onestream-research-finds-80-of-financial-decision-makers-believe-ai-will-increase-productivity/#comments Sat, 20 Jan 2024 11:00:00 +0000 https://insidebigdata.com/?p=34572 OneStream, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, announced the results of its global “AI-Driven Finance“ survey, revealing the majority (80%) of financial decision-makers believe AI will increase productivity in the office of finance.]]> https://insideainews.com/2024/01/20/new-onestream-research-finds-80-of-financial-decision-makers-believe-ai-will-increase-productivity/feed/ 1 34572 https://insideainews.com/2023/07/14/the-rise-of-intelligent-apps-in-finance/ https://insideainews.com/2023/07/14/the-rise-of-intelligent-apps-in-finance/#respond Fri, 14 Jul 2023 11:00:00 +0000 https://insidebigdata.com/?p=32864 In this contributed article, Rohit Gupta, CEO and Founder, Auditoria.AI, discusses how the future of finance hinges delicately on the ability to adapt. Unfortunately, the finance department is often the last stop on the progress tour – and sometimes overlooked altogether. Optical Character Recognition (OCR) and Robotic Process Automation (RPA) are two of the most common automation tools in corporate finance today. While both tools serve a specific purpose - RPA is programmed to execute high-volume, repeatable tasks, and OCR helps extract structured data in an automated fashion - as standalone solutions, they no longer pull their weight. ]]> https://insideainews.com/2023/07/14/the-rise-of-intelligent-apps-in-finance/feed/ 0 32864 https://insideainews.com/2023/02/18/consumers-dont-have-to-leave-your-cfi-to-bank-in-a-better-one/ https://insideainews.com/2023/02/18/consumers-dont-have-to-leave-your-cfi-to-bank-in-a-better-one/#respond Sat, 18 Feb 2023 14:00:00 +0000 https://insidebigdata.com/?p=31648 In this contributed article, Uday Akkaraju, CEO of BOND.AI, discusses how AI can help CFIs (community-based financial institutions) meet the needs of their consumers. In 2020 and 2021, 98% of community banks offered mobile banking, yet new account openings dropped as much as 51% to 25% for community banks and credit unions. Instead of competing head on with the big banks on product offerings, CFIs should strive to understand their unique community needs.]]> https://insideainews.com/2023/02/18/consumers-dont-have-to-leave-your-cfi-to-bank-in-a-better-one/feed/ 0 31648 https://insideainews.com/2022/05/31/how-automation-gets-finance-workloads-back-in-balance/ https://insideainews.com/2022/05/31/how-automation-gets-finance-workloads-back-in-balance/#respond Tue, 31 May 2022 13:00:00 +0000 https://insidebigdata.com/?p=29447 How can finance teams lighten the workload and take their rightful place advising on business strategies and best practices? Automation can help. Software robots are ideally suited for transaction processing, accounting operations, and compliance work. It’s time for finance teams to do more of what they were meant to do: help the entire business be better. In this eBook from UiPath we'll take a quick look at how automation can make that happen.]]> https://insideainews.com/2022/05/31/how-automation-gets-finance-workloads-back-in-balance/feed/ 0 29447 https://insideainews.com/white-paper/how-automation-gets-finance-workloads-back-in-balance/ https://insideainews.com/white-paper/how-automation-gets-finance-workloads-back-in-balance/#respond Tue, 24 May 2022 17:57:23 +0000 https://insidebigdata.com/?post_type=wpdmpro&p=29366 How can finance teams lighten the workload and take their rightful place advising on  business strategies and best practices? Automation can help. Software robots are ideally suited for transaction processing, accounting operations, and compliance work. It’s time for finance teams to do more of what they were meant to do: help the entire business be better. In this eBook from UiPath we'll take a quick look at how automation can make that happen.]]> 0 29366