What Is The Application Of AI In Financial Institutions?
AI in finance is certainly making things a lot more safe and convenient for banks and other financial institutions as well as their customers. Artificial intelligence is already helping the financial industry to optimise their processes and streamline services. In short, AI is transforming the way in which we interact with money.Artificial intelligence can help with a range of processes from financial risk management, to credit decisions and chatbot assistants. In this article we will take a look at some of main applications of AI in financial institutions and in predicting stock fluctuations.
Customer Service Chatbots and Virtual Assistants
Banks and other financial institutions have found that the use of chatbots for enhancing the customer service experience proved to be highly suc...