"Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion"
- John Bruton
AI for financial services
Fraud Detection and Prevention:
Customer Service and Chatbots
Risk Management
Algorithmic Trading Credit Scoring and Underwriting
Personalized Financial Advice
Anti-Money Laundering (AML) Compliance
Customer Relationship Management (CRM)Regulatory Compliance
Sentiment Analysis Claims Processing in Insurance
Market Research and Competitive Analysis
Chatbot for Banking Transactions
The Financial Services Industry is now in the AI phase of its digital evolution, disrupting traditional structures. AI, a branch of computer science, creates intelligent machines that emulate human tasks and self-learn. This transformation is altering how products and services are provided in the Banking, Financial Services, and Insurance (BFSI) sector. It marks a departure from conventional models, ushering in innovation. The advent of AI is weakening long-held bonds, opening doors to new operational approaches.
