Finance powered by AI is here. Now.

Posted by Keran Boyd on Nov 4, 2020 1:15:54 PM

If there is is one sector where AI is already paying dividends, it's in finance. We can see the impact across the sector as a whole from private banking, to customer service, investment banking and financial services. 

AI has given the world of banking a whole new way to meet the demands of customers who want smarter, more convenient, safer ways to access, spend, save and invest their money. It is also a powerful ally when it comes to analyzing real-time activities in any given market or environment; the analysed outcomes of which can be used to further optimise market activities. 

With AI and ML taking the place of human analysts, weeding out inaccuracies caused by human error that in the world of finance could cost millions. The banking and financial services sector is the perfect use case for AI which requires intelligent and analytical thinking with little to no margins of error. 

This isn't even to speak of the enormous strides made in the world of cybersecurity powered by AI which are an additional and very important element of the ML mix.

One such pioneer in the research and implementation is Manuela M. Veloso is the Head of AI Research at JP Morgan Chase, which pursues fundamental research in areas of core relevance to financial services, including data mining and cryptography, machine learning, explainability, and human-AI interaction. The team partners with applied data analytics teams across the firm as well as with leading academic institutions globally.

Professor Veloso is on leave from Carnegie Mellon University as the Herbert A. Simon University Professor in the School of Computer Science, and the past Head of the Machine Learning Department.

With her students, she had led research in AI, with a focus on robotics and machine learning, having concretely researched and developed a variety of autonomous robots, including teams of soccer robots, and mobile service robots. Her robot soccer teams have been RoboCup world champions several times, and the CoBot mobile robots have autonomously navigated for more than 1,000km in university buildings.

Professor Veloso is the Past President of AAAI, and the co-founder, Trustee, and Past President of RoboCup. Professor Veloso has been recognized with a multiple honors, including being a Fellow of the AAAI, AAAS, ACM, IEEE. She is the recipient of several best paper awards, the Einstein Chair of the Chinese Academy of Science, the ACM/SIGART Autonomous Agents Research Award, an NSF Career Award, and the Allen Newell Medal for Excellence in Research. (Source: JP Morgan Chase)

Professor Veloso is the headline speaker for Episode VII AI IN ACTION: The Future of Finance of the Inspired AI series next Thursday 12th November 16:30 – 18:30 (CET) will explore and discuss current and future applications of AI and ML to the finance sector. 

👉 What impact is AI having on financial services?

👉 What are the ethical implications for legal and financial applications?

You can get a free pass to attend by using the code 'FIN20' when checking out here 👉 worldsummit.ai/tickets. 

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