Banking, Finance and Insurance

From underwriting decisions, credit rationing, preventing credit card defaults, preventing insurance frauds to assessing the impact of financial news on stock prices, AI is completely revamping the finance and insurance tech sectors.

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From underwriting decisions, credit rationing, preventing credit card defaults, preventing insurance frauds to assessing the impact of financial news on stock prices, AI is completely revamping the finance and insurance tech sectors. 

Indika AI has the necessary domain expertise and experienced team that has worked on several such projects.

Robot Advisors for Financial Products

Online platforms that use algorithms to offer financial advice, re-invest dividends, automatic portfolio creation and re-balancing of the portfolio etc. This requires minimal to zero human intervention.

Personalized Financial Services

Robot advisors to monitor customer goals and suggest stocks or bonds to buy/sell; Gives personalized attention to customers irrespective of their risk appetite.

Smart Wallets

Intelligence added to mobile wallets for smart services like chat, booking of bus tickets, cab, events, movies, utility bill payments, etc.

Fraud Detection and Prevention

Minimize need to add continuous manpower to detect and block security attacks; These platforms use machine learning to automate the process.

Compliance Monitoring

Use AI to examine lengthy documents and flag potential issues in seconds, which would otherwise take many hours.

Intelligent QRC

A new segment of Artificial Intelligence companies that specialize in helping companies remain compliant, e.g. ensure no document is missed out while filing something, do risk mitigation by monitoring customer behaviour from empirical data.

Insurance Under Writing

Using AI for faster and more accurate risk assessment and pricing to measure the risk exposure and determine premium to be paid by a customer.

Algorithm Trading

AI for high-frequency trading where inputs are taken from multiple financial markets to make investment decisions in milliseconds. Reports suggest that over 70% of trading worldwide today is being managed by algorithms.

Investment Research

AI to guide investors on stock picking decisions. It can help cover more companies in exchanges all over the world, do their research and portfolio management.