AI in Finance

AI in the Financial Industry

We assist companies in the financial sector in effectively leveraging Data and AI to optimize processes, enhance customer loyalty, and identify competitive advantages.

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Your Experts for Artificial Intelligence in Finance

Artificial Intelligence (AI) in Finance: How AI is Revolutionizing the Financial Industry

The financial sector is undergoing a tremendous techno­logical trans­formation. Data and digital techno­logies are becoming the driving forces behind inno­vations and effi­ciency gains. Specifi­cally, AI in finance opens new dimen­sions in data analysis, risk assess­ment, and customer service. Companies that advance the use of data science and AI in finance not only secure a crucial competitive advant­age but also set new stand­ards in the finan­cial world. As experts in AI for finance, we help your company leverage these techno­logies profitably.

The intro­duction of AI in finance is no longer a future topic—it is already a critical competi­tive factor today. If you want to benefit from the diverse oppor­tuni­ties that AI in finance offers, now is the right time. From data science and AI consulting to AI training and developing your own AI strategy, our experienced AI consultants support you in finding and success­fully implement­ing the best AI finance solutions for your company. We offer specialized training, platform strategy development, and complete AI strategies for businesses.

Valuable use cases of Data Science & AI in finance

KPI Forecasting

Make decisions based on reliable forecasts of your KPIs such as sales, revenue, costs, liquidity, or EBIT.

Customer Churn

Identify customers likely to churn in order to initiate timely and appropriate countermeasures.

Risk Assessment

Automate the risk assessment of individuals, companies, or items using AI.

Fraud Detection

Detect and prevent fraudulent activities early with the help of data science and AI.

Robo-Advisory

Gain new customers through automated recommendations and management of asset investments.

Chatbots

Utilize modern chatbots and digital assistants to improve customer satisfaction.

Algorithmic Trading

Use Data Science and artificial intelligence to make fully automated trading decisions.

Sentiment Analysis

Automatically detect the moods and contents of social media posts, customer reviews, or emails.

Request a project now with no obligation
Non-binding initial consultation
Free situation and requirements analysis
Response within 24 hours

Optimize Your Processes with Artificial Intelligence (AI) in the Financial Sector

Banks and financial institutions face complex challenges, but also great oppor­tuni­ties today. AI in finance enables a funda­mental trans­formation of business models, processes, and customer inter­actions. One of the greatest oppor­tuni­ties in this trans­formation is the intelli­gent use of pro­prie­tary data. With artificial intelligence (AI) in the finan­cial sector, valuable insights can be gained from existing data, enabling informed decisions in real time. From reliable market event assess­ments and fraud detection to data-driven invest­ment advice, AI in finance optimizes a wide range of processes.

A key area of AI in finance is risk manage­ment: Using predict­ive models and machine learning, credit risks can be pre­dic­ted more accurately, and preventive measures can be imple­mented early on. In the world of invest­ments, AI in finance enables data-driven invest­ment decisions that not only minimize risks but also maxi­mize returns. Our AI finance solutions allow you to antici­pate future develop­ments based on historical data, enabling faster and safer actions.

Eine durchdachte KI-Strategie ermöglicht es Unternehmen, ihre spezifischen Ziele klar zu definieren, Anwendungsbereiche zu identifizieren und den Einsatz von KI-Technologien gezielt zu steuern. So wird sichergestellt, dass sämtliche KI-Initiativen auf die übergeordneten Unternehmensziele abgestimmt sind und eine solide Infrastruktur, verlässliche Datenbasis sowie das notwendige Fachwissen vorhanden sind. Eine strategische Planung minimiert Risiken, steigert die Akzeptanz und legt den Grundstein für nachhaltigen Erfolg mit KI.

Unsere Beratung zur KI-Strategie bildet das Fundament für die datengetriebene und KI-basierte Transformation Ihres Unternehmens. Gemeinsam erarbeiten wir, wie Sie die Transformation strategisch umsetzen und die erfolgversprechendsten Einsatzmöglichkeiten für Ihr Unternehmen auswählen können.

Implemented AI projects
in the financial sector

  • Finance
  • Other

Event Study of Stock Portfolios

In this project, we conducted a comprehensive event study in R based on historical stock time series and a selection of predefined market-relevant events.

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Event Study of Stock Portfolios
Case study
  • Finance
  • Training

Data Science Training

For several years, we have been conducting an extensive and multilingual data science training initiative for our client at multiple international locations. In doing so, we impart foundational knowledge, programming skills, and methodological content directly related to banking and finance topics.

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Data Science Training
Case study
  • Finance
  • Strategy

Data Science Platform Strategy

In this project, we developed and evaluated different scenarios for a data science platform in the banking environment.

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Data Science Platform Strategy
Case study
  • Finance
  • Strategy

AI Strategy for a Private Equity firm

We developed a strategy for the application of AI in the portfolio companies of an investment house, which allows the business models to be specifically evaluated in terms of their AI potentials, opportunities, and risks.

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AI Strategy for a Private Equity firm
Case study
  • Finance
  • Strategy

AI Strategy for a Bank

By developing an AI strategy, we helped our client, a State Bank, to set the framework and create the conditions for scaling AI.

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AI Strategy for a Bank
Case study

Our strength

statworx is one of the leading consulting and development companies for data & AI in the German-speaking region.

We focus intensively on the interfaces between people, economy, society, environment, and AI technology.

Sebastian Heinz
Founder and CEO statworx

Our spotlight topics at a glance:

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Tools, Partner & Technology
DataRobot
Palantir
nvidia
ml flow
AI Hub
Airflow
Shiny
Kubernetes
Docker
Spark
Dataiku
Google Cloud Platform
R
SAP
Databricks
Tensorflow
Python
Azure
aws
PyTorch
DataRobot
Palantir
nvidia
ml flow
AI Hub
Airflow
Shiny
Kubernetes
Docker
Spark
Dataiku
Google Cloud Platform
R
SAP
Databricks
Tensorflow
Python
Azure
aws
PyTorch
10+

years of experience in Data Science, ML, and AI

100+

clients from 10 industries and growing

85+

experts from more than 17 fields of study

1,000+

successfully implemented Data and AI projects

Artificial Intelligence (AI) in the Financial Sector: Increasing Effi­ciency and Reducing Costs

Integrating artificial intelligence (AI) in the financial sector brings not only inno­vation potential but also tangible effi­ciency gains. Particularly in customer inter­actions, more and more companies are relying on AI finance systems such as chatbots and robo-advisors. AI systems in the financial sector offer round-the-clock avail­ability and signifi­cantly enhance the customer exper­ience while simultan­eously reducing oper­ational costs. By auto­mating routine tasks, such as answering frequent customer inquiries or process­ing standard transactions with AI in finance, your team has more time for complex and value-adding tasks.

Addi­tion­ally, AI in the financial sector helps reliably predict opera­tional KPIs, such as revenue, costs, EBIT, and liquidity, thereby increa­sing plan­ning security. In accounting and controlling, repetitive tasks are auto­mated, saving time and drasti­cally reducing error rates. Our exper­ienced AI consultants work with you to develop tailored AI finance solu­tions that meet your company's specific needs.

Our services

AI Consulting

Our consulting services focus on both technical and methodological skills, data literacy, and data culture, utilizing interactive and inspiring learning methods. We provide training for beginners, specialists, and executives.

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AI Starter Offerings

Are you just beginning your data and AI journey? We offer various workshops, training sessions, and ready-to-use AI solutions that are perfect for taking the first steps with data science and AI.

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AI Solutions

We develop data science and AI solutions tailored to your require­ments. We support you from the initial idea to the productive solution and ensure smooth operation thereafter.

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AI Trainings

Whether technical or methodological skills, data literacy, or data culture - our formats rely on interactive and inspiring learning methods. We train beginners, specialists, and executives.

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The Future of the Financial Sector: AI Finance as a Success Factor

As exper­ienced advisors and implementers of AI finance projects, we have success­fully completed numer­ous projects. With over 500 completed projects—many of them in AI finance—we possess deep expertise and practical exper­ience that we lever­age for the benefit of busi­nesses. Whether it is about deve­loping predictive models, opti­mizing processes, or intro­ducing AI-based customer services, we support you from analysis to implemen­tation of AI in finance.

Our approach begins with a com­prehen­sive inventory and analysis of your data and IT structures. Sub­sequently, we develop indi­vidual AI finance solutions tailored precisely to your company's require­ments. Our goal is to provide you with not only short-term successes but also sustain­able competitive advan­tages with AI in finance that strengthen your company in the long term. With our many years of exper­ience in AI finance, we under­stand the industry-specific challen­ges and can develop AI finance solutions that meet the highest technical and regulatory standards.

Schedule a no-obligation consul­tation today and learn how targeted use of AI in finance can opti­mize your business pro­cesses, minimize risks, and increase your effi­ciency. Together, we shape the future of your company and set new standards in the financial world.

Eine durchdachte KI-Strategie ermöglicht es Unternehmen, ihre spezifischen Ziele klar zu definieren, Anwendungsbereiche zu identifizieren und den Einsatz von KI-Technologien gezielt zu steuern. So wird sichergestellt, dass sämtliche KI-Initiativen auf die übergeordneten Unternehmensziele abgestimmt sind und eine solide Infrastruktur, verlässliche Datenbasis sowie das notwendige Fachwissen vorhanden sind. Eine strategische Planung minimiert Risiken, steigert die Akzeptanz und legt den Grundstein für nachhaltigen Erfolg mit KI.

Unsere Beratung zur KI-Strategie bildet das Fundament für die datengetriebene und KI-basierte Transformation Ihres Unternehmens. Gemeinsam erarbeiten wir, wie Sie die Transformation strategisch umsetzen und die erfolgversprechendsten Einsatzmöglichkeiten für Ihr Unternehmen auswählen können.

Your experts for Data and AI in Finance

01
Free consultation

Discuss your challenges and goals in the area of Data & AI with us.

02
Tailored offer

Receive a customized and transparent offer.

03
Presentation & contract award

We present our approach to all relevant stakeholders.

04
Onboarding with project team

Our dedicated project team takes care of your needs.

Create value from Data & AI
Non-binding initial consultation
Free situation and requirements analysis
Response within 24 hours
Marcel Plaschke
Marcel Plaschke
Head of Strategy, Sales & Marketing
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Frequently asked questions and answers

What role does AI play in risk assessment in the financial industry?

AI automates risk assessment, leading to faster and more accurate evaluations. This enables financial companies to make informed decisions in real-time and minimize their risk exposure.

How can AI improve fraud detection in the financial sector?

With the help of data science and AI, fraudulent activities can be detected and prevented early. AI systems analyze transaction data in real-time to quickly identify suspicious patterns.

What is robo-advisory and how does the financial industry benefit from it?

Robo-advisory uses automated systems to recommend and manage investment portfolios. This allows financial companies to attract new clients and offer cost-efficient, personalized investment advice.

How does AI support algorithmic trading?

AI enables fully automated trading decisions by analyzing large datasets and applying complex trading algorithms, leading to more efficient and often more profitable trading strategies.

Marcel Plaschke
More questions?
Marcel Plaschke
Head of Strategy, Sales & Marketing