We are talking about Artificial Intelligence applications in finance. Let’s review the current list of trends and what to expect from the industry.
▶ Contact Jelvix: hello@jelvix.com | jelvix.com
We are a technology consulting and software development company eager to share our knowledge and experience.
Subscribe for more tech tips and tutorials: https://www.youtube.com/channel/UCEDr9FfkfzsT-hJOQsyKyvg?sub_confirmation=1
▶ USEFUL LINKS:
– Machine Learning vs. Deep Learning vs. Artificial Intelligence – https://jelvix.com/blog/ai-vs-machine-learning-vs-deep-learning
– Application of AI in Finance – https://jelvix.com/blog/ai-in-finance
▶ TIME CODES:
▶ Follow us:
Facebook – https://www.facebook.com/JelvixCompany
Twitter – https://twitter.com/jelvix
Instagram – https://www.instagram.com/jelvix
Linkedin – https://www.linkedin.com/company/jelvix
Upwork – https://www.upwork.com/ag/jelvix/
▶ About this video:
How is AI applied in finance?
1. Automation
It enables organizations to boost productivity and cut operational costs. Statistics say that AI helps companies save up to 70% of the costs associated with repetitive tasks.
2. Credit Decisions
We once developed AI-based software that helps banks assess potential borrowers. It immediately analyzes countless factors thus saving costs and making the process much faster. Sounds exciting, doesn’t it?
3. Trading
AI-driven trading systems can analyze massive amounts of data much quicker. You won’t believe it, but predictions made by AI algorithms are more accurate because they can analyze a lot of historical data.
4. Risk Management
AI can handle risk management tasks much more efficiently and analyze various financial activities in real-time.
5. Fraud Prevention
AI-driven fraud detection tools can analyze clients’ behavior, track their locations, and determine their purchasing habits. Therefore, they can quickly detect any unusual activities.
6. Personalized Banking
AI-powered chatbots minimize the workload of the call centers.
There are also many apps that offer personalized financial advice so that users can achieve their financial goals, track regular expenses, income, and purchasing habits.
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.