#74 Daniel Faggella - Use Cases for AI in Financial Services and where funding really goes

The Wall Street Lab

Daniel Faggella is the Founder, CEO, and Head of Research at Emerj Artificial Intelligence Research. He is also a Member of the OECD Network of Experts on AI, a Fellow at the Institute for Ethics and Emerging Technologies. Daniel previously founded Science of Skill, CLVboost, and Black Diamond Mixed Martial Arts Academy, so we have someone with a very specific and similarly broad experience set. Dan also hosts a total of 3 podcast: The AI in Business Podcast, The AI in Consulting Podcast, The AI in Financial Services Podcast. Dan holds a Masters degree from the University of Pennsylvania in Positive Psychology and a bachelors in Psychology and Kinesiology with a Minor in business.

In this episode, we get into AI for financial services. Daniel talks about the true distribution of AI funding for banks, how one needs to cut through the tweets and press releases to check where money in AI is actually flowing. We talk about how to research AI use cases, and how to think about investing in AI as a bank. How to think about ROI (Return on Investment) before doing an AI project, and the answer might surprise you: It is not always hard Dollars that might be a project’s true ROI. And of course Daniel gives us a lot of places to further dive into AI for the finance space.