Iflexion Releases Research, Identifies 7 Transformational Applications of AI in Credit Markets, Trading and Wealth Management
'Machine Learning in Finance: 7 Applications and Their Global Footprint' is the next research in Iflexion's series of reports on the impact of nascent technologies.
DENVER, May 15, 2019 /PRNewswire-PRWeb/ -- Iflexion, a global provider of software development services, has announced today the release of their industry research titled 'Machine Learning in Finance: 7 Applications and Their Global Footprint'. The research identifies and reviews the prominent AI applications across credit markets, trading, and wealth management.
The underlying theme of the report can be summarized in one word: automation. AI is reshaping the global financial market, changing the way companies manage credit risks, conduct trading activities, and provide wealth management advice.
In credit risk management, this paper highlights automation capabilities that AI and machine learning can bring to specific areas, such as underwriting tasks. The report goes on to emphasize the ongoing push for automation in the industry, and briefly covers AI use cases in lead scoring, collections and reserving.
The authors of this report also single out some of the cutting-edge applications of AI in trading, including the use of reinforcement learning for intelligent trading automation. The report also touches on AI implications for analyzing unstructured public data to generate insights, which shows the potential to transform trading forecasts.
In the final part, the research provides a deep look into the state of AI in wealth management where the technology is helping wealth advisors and managers to improve personalization and revenue-generating potential of their investment products. The report also explores the undergoing metamorphosis in wealth management that will see less demand for human advisors and more reliance on AI and data-driven risk assessment.
This is the latest addition to Iflexion's research series that explores how nascent technologies, including AI, machine learning, computer vision and others, are transforming business operations globally.
About Iflexion
Iflexion is a custom software development company based in Denver, CO. With 850+ specialists on board, Iflexion delivers software solutions that address various business needs and foster enterprise processes. With a strong focus on web and mobile development, the company has accomplished more than 1,500 projects in 30+ countries.
Iflexion keeps in step with ever-changing tech trends and extends their offering with top-demanded services and technologies. AR/VR app development, AI consulting and development, image analysis, blockchain development make part of Iflexion's competencies.
SOURCE Iflexion
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