Industry WIKI

Artificial intelligence in insurance is the use of machine learning and other artificial intelligence (AI) techniques by insurance companies and intermediaries, for tasks such as underwriting, pricing, claims handling, fraud detection and customer service. Insurers have used statistical models to classify and price risks for decades, and actuaries adopted generalized linear models in the

Central bank independence refers to the degree of autonomy and freedom a central bank has in conducting its monetary policy and managing the financial system and inflation targeting. The purpose of central bank independence is to maintain price stability, enhance the effectiveness of monetary policy, and ensure the stability of the financial system. Independent central banks have more cr

The House Committee on Finance is a standing committee of the House of Representatives in Nigeria. The committee is responsible for overseeing financial matters in the country, including revenue generation, budget planning, and fiscal policies.

In the mortgage industry of the United States, mortgage servicing rights (MSR) are the contractual rights to service a mortgage after the mortgage origination process is complete. Mortgage servicing is the management of the repayment of mortgage debt on behalf of the lender, including the collection and recording of mortgage payments. The legal entity that holds the mortgage servicing ri

Narrow banking is a banking system that restricts commercial banks to hold only safe and liquid assets, like government bonds, against customer deposits, while prohibiting traditional lending activities. Under this model, banks function as custodians and payment processors, separate from the lending function performed by other financial intermediaries. The concept emerged as a response t

Patrick Bateman is a fictional character created by novelist Bret Easton Ellis. He is the villain protagonist and unreliable narrator of Ellis's 1991 novel American Psycho and is played by Christian Bale in the 2000 film adaptation of the same name. Bateman is a wealthy and materialistic yuppie and Wall Street investment banker, who leads a secret life as a serial killer. He has also app

On 16 April 2024, Érika de Souza Vieira Nunes, a 42-year-old Brazilian woman, brought the corpse of her 68-year-old uncle, Paulo Roberto Braga, to an Itaú bank branch in an attempt to withdraw a loan of 17,000 Brazilian reais. The incident occurred in the Bangu neighborhood of Rio de Janeiro and was recorded by bank employees.