Banks use artificial intelligence systems to organize operations, invest in stocks, and manage properties. In August 2001, robots beat humans in a simulated financial trading competition.
Financial institutions have long used artificial neural network systems to detect charges or claims outside of the norm, flagging these for human investigation.
Creative Virtual has deployed artificial intelligence customer support systems, or automated online assistants, at E*TRADE, HSBC, Intuit and Lloyds Banking Group, to assist financial services customers with services such as checking an account balance, signing up for a new credit card or retrieving a forgotten password.
Read more about this topic: Artificial Intelligence Applications
Other articles related to "finance":
... EDHEC MIM is also ranked 3rd worldwide in Finance and 9th for the ”Career rank” criteria which measures the level of seniority and the size of the ... start for its first participation at the Financial Times Global Master in Finance placing its Msc in Finance 6th worldwide ...
... debt obligations (CDO) Collateralized mortgage obligations (CMO) Structured finance Collective investment schemes for pooling in relation to investment ...
... In quantitative finance, financial modeling entails the development of a sophisticated mathematical model ... of the firm's financial decisions or "quantitative corporate finance" ... of these problems is discussed under Mathematical finance, while specific techniques are listed under Outline of finance Mathematical tools see also ...
... There are several related professional qualifications, that can lead to the field Generalist Finance qualifications Degrees Masters degree in Finance (MSF), Master of Financial Economics, Master of Finance Control (MFC ...
... In corporate finance, investment banking and the accounting profession financial modeling is largely synonymous with cash flow forecasting ... WACC) calculations Financial statement analysis (including of operating- and finance leases, and R D) Project finance ... sometimes employed, see Corporate finance Quantifying uncertainty ...
Famous quotes containing the word finance:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (19021983)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (18701924)
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)