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Using Predictive Analytics in Risk Management

CFO Talks

Practical Applications of Predictive Analytics in Risk Management To get started with predictive analytics, you don’t need to be a data scientist. Here are some practical ways CFOs can use predictive analytics in risk management: 1.

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Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

Budgeting and Forecasting: They have experience in creating and managing budgets, as well as forecasting financial performance based on historical data and future expectations. Strategic Thinking: FP&A candidates align financial goals with the company's strategic objectives, contributing to long-term planning and decision-making.

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What Smart, Conversational AI Adds To Credit Scoring

PYMNTS

Thin-file credit applicants could go through a fairly painstaking process to build credit with low-value cards, but that wasn’t a good answer for him. We enable the consumer to supply relevant financial data to us about their circumstances.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Every interaction — from ATM withdrawals to loan applications — provides FIs with valuable data about customers’ financial lifestyles. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

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GCC Banking’s New Techno-Frontier

Global Finance

Indeed, GenAI, with its ability to collect and interpret financial data on a vast scale, could force some of the Arabian Gulf region’s biggest banks to rethink their already costly digital banking strategies. AI algorithms analyze vast amounts of data to assess credit risk, detect anomalies, and prevent AML fraud,” Saxena notes.

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The five-step response that helps CFOs navigate uncertain times

Future CFO

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.