Financial Services
Aware Super
Managing the retirement savings of more than 1 million Australians, Aware Super’s new platform leveraged Microsoft Azure and an array of data services including Azure Machine Learning to model and compare complex scenarios, and improve governance and security.
Moula
Moula in Australia is using AI to accelerate the speed at which small businesses can get a loan with AI and machine learning. With smaller businesses moving online, this translates into triple-digit growth for Moula. Over the next year, Moula aims to lend $250 million to businesses after major banks pulled back from SME lending.
ICICI Lombard
Insurance company ICICI Lombard has partnered with Microsoft to develop India’s first AI-enabled car inspection feature in its mobile app, “Insure”. The app allows policyholders to simply take photos of their vehicles and upload them. AI then analyses the images, identifies damages and provides an estimated repair cost.
National Australia Bank (NAB)
Card fraud and skimming are giving banks headaches and costing them over $30 million a year. NAB and Microsoft have collaborated to design a proof of concept ATM using cloud and AI, to improve customer experience by removing the need for physical cards or devices to access cash