Transforming Banking Sector through Artificial Intelligence

Today, majority banks are eyeing towards Artificial Intelligence (AI) technology to help them use huge volume of data to increase customer engagement, to improve compliance and operational efficiency. Increased use of Artificial Intelligence in banking sector is showing a signs of interest and adoption as a result, all most all of the Indian banking sectors have started AI adoption. Its application in data analysis and customer service is creating an opportunity to become more personalized towards its customers through better insights and automation of backend work flows. The concept of AI is to stimulate the intelligence of human beings into machines with the help of sophisticated machine learning language and natural language processing algorithms, so that humans and AI will work together. AI will create growth through improved customer and employee experiences. In short, AI will enable to move away from repetitive tasks to more strategic and innovative kinds of wor