AI in finance is having wide-ranging impact and solving some of the most critical societal problems. The talk gives overview of the opportunities of applying AI in finance with specific examples and highlights some of the unique challenges financial services firms face in deploying AI at scale.
1World Bank (http://www.worldbank.org/en/news/press-release/2018/04/19/financial-inclusion-on-the-rise-but-gaps-remain-global-findex-database-shows)
2 Global Debt Database; Note: Balanced sample of 21 advanced economies (https://www.imf.org/external/datamapper/datasets/GDD)
3 National Institute on Retirement Security (https://www.nirsonline.org/wp-content/uploads/2018/09/SavingsCrisis_Final.pdf)
1Investment Company Institute (https://www.ici.org/pdf/2017_factbook.pdf)
2The Nilson Report October 2017 (https://nilsonreport.com/upload/content_promo/The_Nilson_Report_Issue_1118.pdf)
3 McKinsey Global Institute (https://www.mckinsey.com/featured-insights/digital-disruption/whats-now-and-next-in-analytics-ai-and-automation)
or 61MM U.S. households
have a relationship with Chase
in assets and operations worldwide
p2p money transfers annually
of Fortune 500 companies do
business with JPMC
of data stored
credit card point-of-sale
transactions processed daily
in payments processed daily
data logged daily
1Accelerating Financial Inclusion with New Data - A joint
report from the Center for Financial Inclusion at Accion and
the Institute of International Finance. May 2018
3Weathering Volatility – Big Data on the Financial Ups and
Down of U.S. Individuals, JPMorgan Chase & Co. Institute.
2J.P. Morgan Global Quantitative and Derivatives Strategy.