So, it is not surprising to see the baking sector whose traditional call centers are getting replaced by AI assistants.
In addition, another $400 billion will be saved by using the robotic process automation in banking for most of the middle-office related works like technologies used for identifying customers and verification like AML/KYC along with other forms of data processing.
Impact Of AI In Banking
AI will expand the gamut of financial services.
And most importantly these products will help you to learn from the customer’s financial data as well as determine what might work for them, what won’t and even assist them to track their financial activities in a much better way.
No more are the major financial expertize limited to the opinions of humans, especially with regard to making forecasts and recommendation.
Source : https://www.2basetechnologies.com/ai-changing-dynamics-of-banking-sector