Data & AI for Financial Services

Transforming and creating value for Banking, Insurance, Investment Management, and Private Equities through the power of data & AI.

Enhanced Customer Experience through AI-Powered Chatbots

By 2023, 90% of banks report that integrating AI into customer service solutions has enhanced user experience.(MarketSplash) (Meniga).
Financial institutions deploying chatbots have achieved a 30% reduction in customer service costs, resulting in savings of over $8 billion annually.

Advanced Fraud Detection and Risk Management

AI systems have reduced fraud detection times by up to 70%, with some banks reporting a 50% reduction in fraud-related losses. (McKinsey & Company).
Predictive analytics has enabled banks to reduce loan default rates by 20%.

Operational Efficiency and Cost Reduction

Robotic Process Automation (RPA) is leading to a 40% reduction in processing times and a 50% decrease in operational costs. (McKinsey & Company) (Meniga).
Error Reduction: AI and automation have reduced human errors in financial transactions by 37%, enhancing accuracy and reliability in operations.

Client testimonial BNP PARIBAS

An AI efficiency program to accelerate the transformation program of the BCEF entity.

Client Cases in Financial Services

ARDIAN Transforming Private Equity Due Diligence with Generative AI

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ARDIAN Identifying AI use cases and adoption strategies to drive...

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BNP PARIBAS An AI Efficiency program to accelerate the transformation...

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ARDIAN A three-day hackathon to enhance a leading investment firm’s...

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ORANGE BANK enhances its data marketing with rapid deployment of...

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MAIF Using Topic Modelling to reduce contact centre bottlenecks.

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HOMESERVE Using speech analytics to improve customer satisfaction

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MAIF Segmentation Marketing -Artificial Intelligence to Enhance Insurance Customer Understanding

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Data & AI for Finance Report

Articles by our business & tech experts and client cases.

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Our expert contents about Financial Services

We are data, AI and digital experts sharing our insights and latest market updates about financial services.

SOCIETE GENERALE & ARTEFACT at AI for Finance by Artefact – AI Strategy for Société Générale
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BNP PARIBAS, GISKARD, MISTRAL AI & GOOGLE CLOUD at AI for Finance by Artefact – AI Language Models for businesses across customer support
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CREDIT AGRICOLE at AI for Finance by Artefact – AI at the Heart of the Group’s Strategy
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