AI and Machine learning are Reshaping the Global Banking Industry

  • “Reuters, in its 2017 said, The Bank of New York Mellon Corp reported a profit of USD 300,000 by shifting its manual process to automated processes.
  • It also reported 100% accuracy in account-closure validations across five systems,
  • 88% improvement in processing time,
  • 66% improvement in trade entry turnaround time
  • 1/4 second robotic reconciliation of a failed trade vs. 5-10 minutes by a human.”

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