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Part II: How Adoption Of AI Is Transforming Financial Sector In Modern Times?

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Hiren Mansuriya
Part II: How Adoption Of AI Is Transforming Financial Sector In Modern Times?

In the previous blog, we learned about the existing innovative AI-powered applications active across leading banking and finance institutes.

Based on current market scenario, AI app software thus suggests a robust portfolio for customers to focus on saving means and finance optimization.

Self-learning cognitive system for fraud detection and prevention

It is a cursed state of finance and banking industry that the processes often suffer terrible violation of security architecture, data breaches and privacy issues.

Unlike conventional data security rules that confuse genuine transactions as malicious, development of AI-enabled algorithm powered with natural language processing and cognitive deep learning capabilities have substantial potential to detect and minimize the incidents of fraud and data threats to a remarkable extent.

Operational automation: a unique value proposition

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Hiren Mansuriya
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