AI’s Potential for Disruption in Banking and Financial Services

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AI’s Potential for Disruption in Banking and Financial Services

Advisor
Posted September 11, 2018 in Data Analytics & Digital Technologies

Banking and financial services companies were among the first to apply artificial intelligence (AI) in strategic applications. Initially, this took place in the mid- to late 1980s in the form of expert and knowledge-based systems for credit and loan approval and mortgage processing, and so on, and then in the early to mid-1990s, when neural network-based applications for credit and bank card fraud detection, and profitability management, began to be deployed.