Finance
How Entangled AI Empowers the Finance Industry
Data has always been the foundation of the banking industry. What has changed in recent years, of course, is the amount of data available, and the speed at which it is processed as well as the need to quickly respond to market changes.
Artificial intelligence has long been used in banking and credit card systems to detect and spot fraudulent activity. .But AI in payments industry is helping also to enhance customer service, provide hyperpersonalized credit scores and offers, and drive new forms of transactions like stores with no cashiers.
No industry realizes the impact of AI more than payments. Payments technology companies are the most likely of all the banking sectors, to be using AI technologies in their operations.
Some of our use cases include:
- Churn prediction
- Fraud Detection
- Recommending and Upselling
- Personalized services
