Artificial Intelligence Transforming the Banking Sector

Brandon McGee

6 years ago

“In a recent study it was found that the Artificial Intelligence could be a near $450 billion dollar opportunity for banks.
According to a recent study by IDC, by 2022, $5.6B is expected to be spent on AI-enabled solutions in the banking industry.

Here’s how AI will transform banking in 2020:

1. Fraud Detection and Risk Management

2. Credit Risk Assessment, Pricing, and Underwriting

3. AI Chatbots

4. Customer Engagement”