Until recently hedge funds and HFT firms were the main users of AI in finance, but applications have now spread to other areas including banks, regulators, Fintech, insurance firms to name a few

Using mobile phone data, Bjorkegren and Grissen (2015) employ ML methods to predict loan repayments.

In the insurance industry, Cytora is using AI to make better risk assessments about their customers, leading to more accurate pricing and minimising claims.