AI in Financial Industry

Al Today: Where It Works and What It's For Automation Credit decisions Sentiment and Trading news analysis Risk management Fraud prevention Personalized banking ACCORDING TO RESEARCH, MORE THAN 32% OF BANKS ARE ALREADY USING AI TO: improve recommendation implement voice recognition and predictive analytics decrease the response time engines What to Expect in The Future From Al in The Financial Industry: Customer service Industry-specific conversational interfaces and chatbots intended for banks and other financial organizations. New standards of security Thanks to speech recognition and facial recognition, as well as the analysis of other biometric data, banks might add new layers of security or even replace traditional passwords with more effective approaches. Recommendations Companies already start to rely on big data, and virtual assistants capable of providing personalized recommendations might replace personal financial assistants. Jelvix jelvix.com