By adding the element of Artificial Intelligence (AI), banking is transforming in leaps and bounds redefining the way of how the world hails the industry so far. From enhancing customer experience to achieving an iron clad security, AI is tapping numerous opportunities in the realm of Banking. By replicating the activities of humans AI not only enhances productivity but also frees humans from repetitive tasks which enable them to focus more on important tasks.
One such task is customer service; AI is promoting personalization to a greater extent by providing 360 degree view of the customer with the ability to manage huge data from discrete databases that flood in the organization. Adding to this advantage is the predictive analytics and cognitive messaging capability of the AI. It is no wonder chatbots and conversational interfaces are the most sought after technologies in the current market.
Furthermore, when it comes to banking, security is the upmost priority, AI acts as a first line of defense providing security to a greater extent replacing augment passwords with digital fingerprints and facial recognition. With its ability to sift through discrete databases AI can identify patterns on a real time basis thwarting cyber threat or crime completely. Also in today’s world regulatory has become a tough and mandatory subject but with inclusion of AI, it has made regulatory requirements a sinecure with its ability to automate tracking and monitoring regulatory changes.
By carefully scrutinizing the AI technologies involved in banking, a distinguished panel of prominent CEOs, CIOs, VCs, and analysts along with Banking CIO Outlook Magazine’s editorial board has assessed hundreds of Artificial Intelligence technology solution providers and shortlisted the ones that are at the forefront of providing cutting-edge technology solutions. The listing provides a look into how the organizations in banking leverage innovative technologies and strategies to enhance today's AI solutions.
We present to you Banking CIO Outlook Magazine’s “Top 10 Artificial Intelligence Solution Providers-2018.”