How is machine learning used in finance?


How is machine learning used in finance?

How is machine learning used in finance?

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October 8, 2017 at 12:05 AM


Machine learning is used in Fiance industry to do following things:

  • Risk Management

  • Artificial Intelligence Trading

  • Robo-Advisory

  • Insurance Underwriting and Claims.

  • Fraud Detection

  • Customer Service

  • Stock Market prediction

  • Virtual Assistants

  • Treasury - CRM, Spot Transactions

  • Customer Segmentation

  • Spending Patterns

  • Handwritten Amount Recognition

  • Trading / Hedging

  • Algorithmic Trading

  • Portfolio Management/ Risk Management

  • Loan Underwriting

  • Sentiment Analysis

Following algorithms and statistical methods are used:

  • Linear Regression

  • Logistic Regression

  • Random Forests (RM)

  • Support Vector Machine (SVM)

  • k-Nearest Neighbor (kNN)

  • Classification and Regression Tree (CART)

  • Deep learning

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