There is not a single industry that has been left untouched by the transformative impact of artificial intelligence technology in the last decade — financial services is no exception. The financial sector is well-known for seeking every possible edge to maximize its profits — thus, using machine learning and artificial intelligence was a no-brainer.
A plethora of use cases is leveraging the power of artificial intelligence (AI) — from fraud detection, risk assessment, improving customer satisfaction, increasing accounting and transactional automation to algorithmic trading.