Financial institutions embrace AI/ML for a competitive edge Financial institutions are increasingly investing in AI/ML, thanks in part to the availability of cost-effective, easy-to-use, and scalable AI/ML cloud services. Banks are enhancing customer experiences through chatbots and customized product recommendations; capital markets firms are optimizing investment portfolios by mining alternative datasets and improving business operations to overcome expensive, manual, and time-consuming tasks; insurance companies are able to better assess risk and offer personalized quotes while streamlining the claims process; and payment companies are improving their fraud prevention algorithms.
Mining Intelligent Insights with Machine Learning_EN
