Banking as an industry has been one of the early adopters of Traditional AI in applications like Credit Score calculations and Risk assessment, Fraud detection, Customer Behavior Prediction, Algorithmic Trading etc. Generative AI is reshaping the Banking landscape in major ways, but the use cases are quite varied depending on the type and size of the Bank.
Transformative Impact of Generative AI in Bigger Banks
Bigger Banks are Leveraging their vast amount of customer data primarily to improve productivity and customer service.
As highlighted by Jamie Dimon, CEO of JPMorgan Chase, in his recent annual letter, a pivotal application of generative AI at his bank is in boosting employee productivity, including in areas such as software engineering. An Accenture forecast predicts that b
Translucent AI Targets Financial Pain Points of Healthcare Providers
Mukundan Sivaraj
