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Source – http://www.businessworld.in/ Using Machine learning and Artificial Intelligence along these lines, banks get a clear image of risks and danger and possible return for every individual, prompting more secure choices and fewer people defaulting on their credits. For a long time, banks have been at the leading edge of utilizing innovation to assist with Read More
Source: theunionjournal.com Today, analytics is becoming a significant game-changer in the financial sectors. Following the tradition, the banking, financial services, and insurance (BFSI) sectors are putting their full potential to widen their business opportunities and enhance the services that they provide their customers. According to an article recently published by Forbes, “over 2.5 quintillion bytes Read More
Source: finextra.com Think chatbots, intelligent virtual assistants, and digital employees. These and other related technologies enable computers to engage in dialogue with people in natural ways using conversational artificial intelligence (CAI). For banks, CAI makes it possible to respond to customers’ questions more quickly, cost-effectively, and consistently than they could with a traditional workforce. Many Read More
Source: cio.economictimes.indiatimes.com I have often observed that a journey to cloud discussion for banks begin and end with Application modernization. Without a doubt, this is an important element of the journey. However, the IT landscape in a typical banking environment presents a unique setup that compels us to think about this pursuit differently. There are two important Read More
Source: expresscomputer.in Just like the famous Gold Rush of 1849, nowadays businesses are dipping their toe in the data mine, in order to seek some value out of it. This huge chunk of data is forcing the fintech and the banking industry to unleash the power of the hidden gems that data analytics can deliver. Read More
Source- bankrate.com Unless you’ve been saving your credit card rewards for a specific purpose, such as paying down your existing debt or purchase airline tickets for a vacation, sifting through the credit card reward options can be overwhelming. Some major credit card providers, however, are using artificial intelligence to make it easier to not just choose Read More
Source- bankingexchange.com Artificial Intelligence is a field of computer science that consists of the construction of intelligent machines that are put into operation through computer programs. The purpose of building these gadgets or robots is to replace human intelligence to a certain extent by doing more than one action. AI is a new area under development Read More
Source- forbes.com Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this Read More
