About the Report
Generative AI and Its Emergent Role in the Banking Industry
In an era defined by technological advancements and data-driven decision-making, the banking industry stands at the forefront of innovation. The integration of artificial intelligence has redefined traditional banking practices, and within the realm of AI, generative AI (gen AI) is poised to rapidly emerge as a transformative force. Gen AI with its remarkable ability to generate human-like text, images, and more, offers multifaceted solutions to the banking sector. Its wide-ranging applications span from enhancing customer service to bolstering fraud detection and risk assessment, among other valuable use cases.
Generative AI and Its Emergent Role in the Banking Industry
Unlock Possibilities with Finacle Data and AI Platform
Finacle provides a sturdy foundation for unlocking data-driven insights and harnessing the potential of AI:
- Layered OLTP and OLAP architecture
- Real-time data processing, and embedded insights
- BIAN-inspired data models
- Domain-based data marts
- Event streaming and asynchronous interfaces
- Self-service data infrastructure
The Finacle AI Platform simplifies the process of integrating AI into businesses, making it easier to develop, initiate, and apply AI use cases. This platform is designed to be flexible and scalable, allowing data scientists with varying skill levels to use it, whether on a cloud-based or on-site infrastructure.
- Pre-built AI models for tasks such as classification, regression, clustering, and forecasting
- Transparency and explainability throughout the entire ML lifecycle
- Experimentation with different models and features
- What-if analysis to find the most impactful outcomes
- Pre-built algorithms offered as APIs for integration into different business applications – Lending | Wealth Management | Digital Engagement | …
