- “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.”
https://www.artiba.org/blog/ai-and-machine-learning-are-reshaping-the-global-banking-industry?utm_campaign=News&utm_medium=Community&utm_source=DataCamp.com
