Top 7 AI Use Cases: Artificial Intelligence in FinTech
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Companies are employing AI to detect a new form of cybercrime based on exploiting the sign-up bonuses associated with new credit card accounts.
Fraud Detection and Compliance
A critical, but often overlooked, application of AI in the finance industry is customer service. Chatbots are already a dominating force in nearly all other verticals
Improving Customer Support
New AI-powered platforms have been created to prevent these cyber threats, ranging from social engineering, password spraying, and credential stuffing, to plain phone hijacking.
Preventing Account Takeovers
AI and ML are revolutionizing it to overcome all these difficulties.
Next-gen Due Diligence Process
Detecting previously unknown money laundering and terrorist financing schemes is one of the biggest challenges faced by banks across the world.
Fighting Against Money Laundering
Continuously learning AI can digest new scientific research, news, and global information to ascertain public sentiment and understand drivers of churn and customer acquisition.
Data-Driven Client Acquisition
Visual AI is better than human eye to capture small details such as license plates and is able to recognize human faces, intruders and animal entering the site.