Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Artificial Intelligence in Banking
    Artificial Intelligence in Banking
    Artificial Intelligence in Banking
    Ebook35 pages30 minutes

    Artificial Intelligence in Banking

    By IntroBooks Team

    ()

    Switch to audiobook
    Read preview

    About this ebook

    In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies.
    New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided investors and customers with more innovative tools, new types of financial products, and a new potential for growth.

    LanguageEnglish
    PublisherIntroBooks
    Release dateApr 28, 2020
    ISBN9781393327738

    Read more from Intro Books Team

    Related to Artificial Intelligence in Banking

    Related ebooks

    Banks & Banking For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Bank On, Powered by Tech

      Aug 6, 2020

      The IMF recently projected a deep (-4.9 per cent) contraction of the global economy in 2020, with advanced economies likely to be particularly vulnerable. The agency expects the Indian economy to contract by 4.5 per cent, a historic low. The downturn

      5 min read

    • Article

      Bank Of The Future

      Mar 5, 2019

      Bank Of The Future
      5 min read

    • Article

      Embracing AI in Financial Services

      Jan 1, 2020

      You are the Chief Science Officer at RBC and you also oversee its AI research institute. Describe the bank’s interest in this arena. There are many aspects to our interest in AI. First of all, financial services is a very data-driven business. From t

      6 min read

    • Article

      Editor’s Note

      Aug 2, 2021

      Dear Readers We are delighted, once again, to bring you the August edition of Techfastly. We have focused on healthcare technologies for this edition. The advancement of healthcare technologies is helping the healthcare industry in various important

      1 min read

    • Article

      Technology Will Be The Deciding Factor

      Mar 4, 2021

      There is a good chance that 2021 will be remembered as the year the world picked itself up after Covid-19. In particular, the banking sector was forced to make years’ worth of technology and business model changes in a matter of months. In India, sin

      5 min read

    • Article

      Editor’s Note

      Oct 3, 2022

      Dear Readers, The Metaverse, which can be seen as the next new milestone in the current cyberspace, is a virtual-physical integrated area where several users can interact with a single computer-generated world. Large technological investments suggest

      1 min read

    • Article

      Tech Powering Finance

      Mar 4, 2021

      Tech Powering Finance
      4 min read

    • Article

      Editor’s Note

      Jul 1, 2022

      Dear Readers, Centralization has contributed to onboarding billions of users to the World Wide Web and creating the solid, reliable infrastructure that supports it. Simultaneously, a few centralized companies control significant swaths of the Interne

      1 min read

    • Article

      Beyond Microfinance

      Mar 4, 2021

      Beyond Microfinance
      4 min read

    • Article

      Insurtech Rising

      May 13, 2022

      Insurtech Rising
      5 min read

    • Article

      New-Age NBFCs

      Feb 6, 2020

      New-Age NBFCs
      9 min read

    • Article

      Menswear's Waistland

      Nov 29, 2022

      Menswear's Waistland
      3 min read

    • Article

      The Resilient bt 500

      Nov 24, 2023

      THE SECOND WEEK of October saw something curious happen. The Indian stock markets were in the doldrums after a strong September—both the benchmark S&P BSE Sensex and the Nifty 50 had touched their respective all-time highs that month. But even as the

      7 min read

    • Article

      Banks And Bytes

      Feb 6, 2023

      AT UNION BANK of India’s metaverse banking offering, you have three choices to select your avatar. Universe, as the state-owned bank calls its hi-tech offering, logs you in directly outside the bank’s branch. Do keep in mind that you need to enter th

      9 min read

    • Article

      The Future Of Accounting: Co-habitation With Bots

      Sep 10, 2021

      “humans need not apply.” Imagine reading those words on a job-seeker website portal. The smart technology era introduced us to computer systems that can be programmed to do the tasks that most human workers do daily. Computers can see (computer visio

      4 min read

    • Article

      A Phygital Strategy

      Jan 23, 2020

      A Phygital Strategy
      2 min read

    Related categories

    Reviews for Artificial Intelligence in Banking

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Artificial Intelligence in Banking - IntroBooks Team

      Artificial Intelligence In Banking

      IntroBooks #640

      http://readintrobooks.com/

      Copyright © 2019 IntroBooks

      All rights reserved.

      Preface

      In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies.

      New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided investors and customers with more innovative tools, new types of financial products, and a new potential for growth.

      According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, In a world focused on using AI in new ways, we’re focused on using it wisely and responsibly.

      Summary

      There are different uses that artificial intelligence-enabled technologies are offering to the banking industry. They include but are not limited to, improvisation in customer - service, optimizing processes, providing personalized services to customers and clients, etc.

      There are a number of banks that are incorporating AI into their business. Large commercial and investment banks are rapidly integrating technologies like ‘AI and Blockchain’ in their back office as well as customer-facing processes. In most of the countries, adoption of these technologies at such a wide scale has not happened. The banking sector has now started adopting AI, but it is still in its budding stage. The applications of Artificial Intelligence (AI) and Machine Learning (ML) in data analytics and customer service create an opportunity for more personalized and faster customer experiences, better insights, and automation of back-end workflows.

      There

      Enjoying the preview?
      Page 1 of 1