Artificial Intelligence: How Modern Financial institutions Use AI?

March 28, 2019

This article was written by Graham Ellinson, a Financial Analyst at I Know First.

How Modern Financial institutions Use AI?

“Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we'll augment our intelligence.” — Ginni Rometty

Summary

The original use of AI by Banks was for fraud detection.
Aside from fraud detection many financial institutions have been slow to implement AI.
The UK bank Barclays have started experimenting with AI after becoming the flagship customer of AI simulation firm Simudyne Technology.
I Know First are unique: providing an AI product that boasts successful performance in daily market forecasting and wealth management solutions.

Artificial Intelligence is a word that gets thrown around a lot these days. Especially with the entrance of AI into the home with the likes of Amazons Alexa and Apples Siri it is now something that regular consumers interact with on a day-to-day basis. What this means is that it can lead to common misconceptions about AI and its uses. To some it is a smart assistant to others it is that annoying machine who answers the phone when you call customer services. However, AI has a wide range of uses and surprisingly in some cases still limited.

Source: www.iqlect.com

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Winning Stock Forecast: Shorting ALGN Stock Returns 26.44% in 14 Days

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Winning Stock Forecast: Shorting ALGN Stock Returns 26.44% in 14 Days

Align Technology Inc (ALGN)

Align Technology is a global medical device company with industry-leading innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients.

Source: aligntech.com

ALGN saw a drop of -26.44% in its stock over the past 14 days. Align Technology is a manufacturer of 3D digital scanners and clear aligners used in orthodontics. The Company offers a system that corrects the misalignment using a series of clear and

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Winning Stock Forecast: GOL Airlines Returns 40.03% in 14 days

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Winning Stock Forecast: GOL Airlines Returns 40.03% in 14 days

Gol Linhas Aéreas (GOL)

GOL Linhas Aéreas Inteligentes S.A. (GOL) provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles. As of December 31, 2017, it operated a single fleet of 119 Boeing 737 aircraft and approximately 700 daily flights to 64 destinations in Brazil, South America

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Gold The Safe Haven For Investors: ABX Stock Jumps 20.41%

October 22, 2018

This article was written by Graham Ellinson, a Financial Analyst at I Know First currently studying Mathematics at Northumbria University Newcastle.

Gold The Safe Haven For Investors: ABX Stock Jumps 20.41%

“Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories.” — Richard Russell

Source: Szaaman via Wikimedia

Summary

Barrick Gold announce acquisition of RanGold making them the largest gold mining company
The price of gold plays a significant role in Barrick stock however it does have other operations such as its copper production
Barrick Gold is working aggressively to tackle its long-term debt