PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Artificial Intelligence And Machine Learning In Banking

Joseph Walent by Joseph Walent
January 30, 2017
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The article details how business leaders in the technology and technology service fields are applying the innovations made in machine learning to extract efficiencies and to capture insights from here-to-fore seemingly unmanageable data sets. The coming together these innovations will serve to make the actualization of individual financial intentions more achievable, with the analytical engines able to recognize areas of affinity, and suggest possible avenues that render similar outcomes will deliver comprehensive financial advisory services to all via automated service delivery mechanisms.

Striking an instance of wealth management, which was considered very traditional and under penetrated in the online category Shi I pa opinionated, “We are trying to create the entire capability with the service provider to be able to make robot advisory, looking at what is it about the client that we know, predict his future requirement and contextual recommendation on managing his portfolio”.

Mercator Advisory Group understand the delivering personalized financial assessments and subsequent recommendations will come as a result of Machine Learning’s integration. For many, this enables the to achievement of FI/consumer mutually understood objectives. As a result, a larger swathe of consumers seeking to improve their financial wellness will be empowered directly by their chosen FI. Expanding the addressable market to include more consumers for higher value financial institution services will be a way to engage with individuals early in their financial lives the deliver valuable insight to reference when charting their course. The promise of AI in banking is the delivery of relevant information for all financial institution customers helping to create a valuable FI/consumer partnerships.

Overview by Joseph Walent, Associate Director, Customer Interactions at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    digital value

    How Embracing Digital Value Can Help Solve the B2C Payments Conundrum

    June 1, 2023
    instant payments, real-time payments, RTP

    Banks Developing Instant Payments Products in the U.S. Should Focus on Billers to Generate New Revenue Streams  

    May 31, 2023
    Digital Wallet Use Delivers on Convenience and Security

    Digital Wallet Use Delivers on Convenience and Security

    May 30, 2023
    5 Ways to Protect Your Financial Institution from a Cyberattack

    5 Ways to Protect Your Financial Institution from a Cyberattack

    May 26, 2023
    traditional banks

    How Traditional Banks Can Modernize Without Risk

    May 25, 2023
    identity fraud

    Javelin’s Identity Fraud Study Highlights the Changing Nature of Fraud

    May 24, 2023
    SASE, security-as-a-service

    Security-as-a-Service Secures
    Distributed IT Models

    May 23, 2023
    mule. real-time

    Early Detection of Mule Activity Requires Real-Time Solutions

    May 22, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download this complimentary report from Brightwell: