AI in

Finance
Evolve Machine Learners
What is Machine Learning?
About Industry:

In the Financial industry we address three

primary segments:
● Capital Market Banking
● Consumer Banking
● Insurance Industry
● Stock Market
Emerging Trends:

● Increased risk management, requirements

and regulations
● Growth of agile, mobile and web based
technologies
● Emergence of AI, Machine Learning and
Deep Learning.
Big Data in Finance?

Financial institutions are the perfect

example of the term
Big Data
But
What is Big Data?
3 Vs of Big Data
AI in Big Data:
Supervised Learning:
Unsupervised Learning:
Reinforcement Learning:
Deep Learning:
Deep Learning:
Drivers of AI in Finance:
Drivers of AI in Finance(Contd.):
Use cases of AI in Finance:

● Sentiment Indicators
● Trading Signals
● Fraud Detection
● Credit Scoring
● Insurance
● Client-Facing Chatbots
● Portfolio Management
Portfolio Management:
Algorithmic Trading:
Algorithmic Trading:
Algorithmic Trading(Contd.):
Fraud Detection:

● Machine Learning
○ Logistic Regression
○ Decision Trees
○ Random Forest
○ Clustering
● Deep Learning
○ Recurrent NN
○ LSTMs
Chatbots:
Why banking needs chatbots?
● Better Customer Experience
● Keep up with changing customer behaviour

Banking Chatbot use cases:

● Personal Banking Services
● Uninterrupted customer support
● Customer Feedback and Measurements
● Delivering Personalized Marketing
● Employee Self Service
World's Biggest Banks using
Chatbots:
● Bank of America(Erica)
suggests ideas how a customer can save
money, gives reports on their FICO score,
and encourages payment of bills within
the banking application
● JP Morgan(COIN)
a bot which can analyze complex
legitimate contracts quicker and more
proficiently than human lawyers. The bot
has helped JPMorgan spare more than
360,000 hours of labor.
● Capital One(ENO)
A peek into Machine Learning in
Square:
● Risk management and fraud
detection
● Square Capital business
lending
● Predicting best product for
sellers’ needs
● Predictive Customer support
Future of AI in Finance:

The uses of AI and machine

learning should continue to be
monitored. As the underlying
technologies develop further,
there is potential for more
widespread use, beyond the
use cases discussed. It will be
important to continue
monitoring these innovations
and to update this assessment
in the future.
How can you build your career in AI &
Machine Learning?

● Jobs
● Freelance
● AI Startups
Jobs

● Artificial Intelligence jobs posted on Linkedin.

5000+
● Average AI job commands six figures.
$100,000 - $130,000 (per year).
 AI Job Positions

Source: glassdoor.com
Freelance
● AI & Machine Learning jobs posted only on upwork
today.
200+
● Average per hour rate of an AI freelance engineer:
$40-$100 on upwork
Freelance AI Engineers on Upwork and their per
hour rates
AI Startups

AI will produce world’s first

Trillionaires. -Mark
Cuban
A New Trend

Trend is changing from

“Every business is a software business”
To
“Every business is an AI Business”
There is an AI solution to every
business problem
- Finance
(Safer Trading, Fraud Prevention, Personalized Investment Plans)
- Marketing
(Automating Repetitive Tasks, Sales Through Images and Videos, Content
Generation)
- Customer Support
(Handling Multiple Customers at a Time, More Effective Phone Support)
- Medicine
(Mining Valuable Information From Untapped Data, Effective Treatment Plans,
More Efficient Primary Care)
- Real Estate
(Better And Faster Communication, Automating Property Valuation, Promoting
Rental Booking, Relevant Product Recommendations, Customer Engagement)
- And More...
How does Evolve Machine Learners
fit in?