Automation of a multitude of things Finance & Insurance Automation Automation Malaysia-based CIMB Bank started RPA implementation in September 2017 for automation of a host of banking operations, including financial … Read More
Determine creditworthiness Finance & Insurance Data collection NLP Security LenddoEFL, a Singapore-based company, offers a software called The LenddoScore, which determines an individual’s creditworthiness with NLP and Machine … Read More
Competetive pricing in the Foreign Exchange Market Finance & Insurance Optimization Reinforcement Learning JP Morgan has improved their foreign exchange market algorithms with the help of restrictive learning. This way, they are … Read More
Chatbot Finance & Insurance Customer Service NLP Speech Recognition The chatbot of the Chinese Construction Bank, Xiaowei, understands over 600 different versions of a specific type of question. … Read More
Improvements in the field of debt collection Finance & Insurance Advanced Statistical Models Customer Service Optimization TrueAccord suggests that their model can provide the banks with the optimal time and way of contacting their debtors, … Read More
An improved trading platform Finance & Insurance Automation Platform Reinforcement Learning The Royal Bank of Canada has built with the help of Borealis AI a new trading platform based on … Read More
Asset management and claims handling Finance & Insurance Automation Image Recognition Object recognition Picsure offers an asset management platform with integrated claims handling. The platform works by taking images of the non-financial … Read More
Voice assistant Finance & Insurance Acoustic Monitoring Customer Service Speech Recognition TIAA, an US-based organization that focuses on financial services, is using voice interfaces in offering customers for example tax … Read More
Bringing personalized offers to bank customers Finance & Insurance Customer Service Digital Twin Personalization The VCR that the Royal Bank of Canada built on Azure allows collaboration between companies and the bank without … Read More
Targeted offerings Finance & Insurance Customer Service Data Analytics Marketing Personalization Retail banking customers are being given special offers from retailers in Lloyds and Santander banks, who have joined forces … Read More