Latest Research Report on The Future of Artificial Intelligence in Banking | Researchmoz
Researchmoz added Most up-to-date research on "The Future of Artificial Intelligence in Banking" to its huge collection of research reports."The Future of Artificial Intelligence in Banking", report examines the most significant uses of AI in retail banking, in both front-office and back-office implementations.
Artificial intelligence (AI) has reached the stage where it is sufficiently advanced and affordable to warrant practical implementation in financial services. Banks are busy exploring ways in which they can harness the power of AI to streamline internal processes and improve the customer experience. This report will explore what AI applications are relevant in banking at this time, examine where AI is already making an impact, and offer recommendations on how banks should proceed.
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=1213946
The report offers insight into -
- The particular manifestations of AI that have the most relevance for banking.
- How leading banks are already implanting AI-based solutions.
- The factors banks need to address when introducing AI applications.
Scope
- AI encompasses a wide range of technologies, including robotic process automation, natural language processing, advanced data analytics, and image analytics. Use of these technologies will help banks improve both front-office and back-office processes.
- Customer-facing uses of AI include chatbots that improve communication between banks and their customers, advanced analytics that can offer proactive advice to consumers and take simple financial decisions on their behalf, and facial recognition that improves onboarding and makes it easier for consumers to log into their accounts.
- Back-office AI implementations include algorithms that can identify and block cases of fraud and money laundering, and analysis of non-traditional data to assess the creditworthiness of borrowers who lack standard credit records.
Browse Detail Report With Full TOC @ http://www.researchmoz.us/the-future-of-artificial-intelligence-in-banking-report.html
Reasons to buy
- Discover where AI will have the most impact upon the delivery of banking services.
- Learn how your competitors are already using AI to improve customer outcomes and profitability.
- Understand what issues you must resolve in order to successfully launch AI-based services.
Table of Contents
1. EXECUTIVE SUMMARY 31.1. Market summary 3
1.2. Key findings 3
1.3. Critical success factors 3
2. AI WILL TRANSFORM RETAIL BANKING 7
2.1. What is AI? 7
2.2. What impact will AI have on banks? 7
2.3. Which AI applications are relevant for banking? 8
2.3.1. RPA 8
2.3.2. NLP 9
2.3.3. Advanced data analytics 10
2.3.4. Image analytics 11
2.3.5. ML and deep learning 12
3. AI WILL IMPACT BANKING IN SEVERAL WAYS 13
3.1. Customer-facing implementations 13
3.1.1. Chatbots and virtual assistants 13
3.1.2. PFM 17
3.1.3. Identity verification using biometric data or document scanning 20
3.2. Back-office implementations 24
3.2.1. Anti-money laundering and fraud detection 24
3.2.2. Underwriting and credit assessment 26
4. RECOMMENDATIONS FOR IMPLEMENTING AI 29
4.1. Improve data quality 29
4.2. Partner with fintech specialists 29
4.3. Plan for potential execution risks 30
4.3.1. Malfunctions and lack of efficacy 30
4.3.2. Algorithm bias 30
4.3.3. Lack of transparency 30
4.3.4. Data privacy issues 31
5. APPENDIX 32
5.1. Abbreviations and acronyms 32
5.2. Bibliography 32
5.3. Further reading 34
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=1213946
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ http://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Latest Research Report on The Future of Artificial Intelligence in Banking | Researchmoz here
News-ID: 662598 • Views: …
More Releases from researchmoz.us
Bicycle Tires Market - Substantial Rise in Industrial Sectors to Offer Growth Pr …
A recent market study published by ResearchMoz on the Global Bicycle Tires market includes industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Global Bicycle Tires market, the growth prospects of the market are obtained with maximum precision.
Request Sample Copy of Research Report @ https://www.researchmoz.us/enquiry.php?type=S&repid=3074346
Chapter 01…
Sports And Athletic Insole Market Overview, Cost Structure Analysis, Growth Oppo …
A recent market study published by ResearchMoz on the sports and athletic insole market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Request Sample Copy of Research Report @ https://www.researchmoz.us/enquiry.php?type=S&repid=3074345
Chapter 01…
Clean Label Pectin Market Development Status, Size, Share, Growth and Forecast R …
A recent market study published by ResearchMoz on the Clean Label Pectin Market offers global industry analysis for 2014-2019 & opportunity assessment for 2020–2028. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Request Sample Copy of Research Report @ https://www.researchmoz.us/enquiry.php?type=S&repid=3069625
Market Segmentation
The global…
Citrus Yogurt Market Growth, Demand, And Value Is Increasing In The Upcoming Yea …
A recent market study published by ResearchMoz on Citrus Yogurt market offers global industry analysis for 2014-2019 & opportunity assessment for 2020–2028. The study offers a comprehensive assessment of most important market dynamics. After conducting a thorough research on historical, as well as current growth parameters, the growth prospects of market are obtained with maximum precision.
Request Sample Copy of Research Report @ https://www.researchmoz.us/enquiry.php?type=S&repid=3067560
Chapter 01 - Executive Summary
The executive summary of…
More Releases for Artificial
Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc.
The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to…
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes…
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra…
Artificial Turf Market – Sophisticated Need 2025 | Artificial Lawn, GrassTex
Global Artificial Turf Market: Overview
Artificial turf has garnered much popularity over the past decades due to the powerful appeal of many of its benefits. It has become a ubiquitous part of schools, colleges, municipalities, and state government buildings. Benefits such as the need for no garnish or irrigation, easy installation, and suitability in enclosed, arched, or enclosed spaces, wherein the lack of adequate sunshine may make the maintenance of natural…
Artificial Turf Market – Global Need Assumptions 2025 | Artificial Lawn, Grass …
Global Artificial Turf Market: Snapshot
Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need…
Artificial Organ Bank Market, Artificial Organ Bank Industry, Global Artificial …
Latest industry research report on: Global Artificial Organ Bank Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Organ necessity is surpassing the supply of donated organs. Even today there are loads of patients waiting for organ transplant but not everyone can get it done due to the low supply of organ transplant.According to the American Transplant Foundation in United States about 123,000 patients are waiting…