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.
The Importance of AI in the Financial Industry
July 2, 2024 by Leave a Comment
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.
Harnessing Big Data for Sustainable Financial Decisions
June 11, 2024 by Leave a Comment
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.
Brightwave Secures $6 Million Seed Round to Launch AI-Powered Financial Research Assistant
June 11, 2024 by Leave a Comment
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
FinTech Studios® Launches Apollo PRO® and RegLens PRO® Market Intelligence and Regulatory Intelligence Apps Powered with Conversational Generative AI
May 18, 2024 by Leave a Comment
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.
New OneStream Research Finds 80% of Financial Decision-Makers Believe AI Will Increase Productivity
January 20, 2024 by 1 Comment
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.
The Rise of Intelligent Apps in Finance
July 14, 2023 by Leave a Comment
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.
Consumers Don’t Have To Leave Your CFI to Bank in a Better One
February 18, 2023 by Leave a Comment
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.
How Automation Gets Finance Workloads Back in Balance
May 31, 2022 by Leave a Comment
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.
How automation gets finance workloads back in balance
May 24, 2022 by Leave a Comment
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.
