How are artificial intelligence applications transforming the banking and insurance sector? - PowerPoint PPT Presentation

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How are artificial intelligence applications transforming the banking and insurance sector?

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Everyone in the technical realm is bragging about how artificial intelligence can change the use of technology, but very few of us are working for that. Many people believe that with artificial intelligence in banking, industries won’t need human resources to operate. – PowerPoint PPT presentation

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Title: How are artificial intelligence applications transforming the banking and insurance sector?


1
How are artificial intelligence applications
transforming the banking and insurance sector?
2
Introduction
  • Everyone in the technical realm is bragging about
    how artificial intelligence can change the use of
    technology, but very few of us are working for
    that.
  • Many people believe that with artificial
    intelligence in banking, industries wont need
    human resources to operate.
  • It can bring harm to employment, but that is not
    the case at all.

3
  • People who are working with the AI believe that
    with the introduction of AI and machine learning,
    most of the tasks will only simplify. 
  • Simplification is a solution every business wants
    to ensure their survival in the dynamic market.

4
Statistical Sampling Will Help Define The Pricing
  • AI methodologies can help the banking and
    insurance companies to define their pricing
    structure according to their target audience.
  • Many sensors and devices can record the
    activities of the customers and then contemplate
    what kind of plans they might need. For instance,
    think of a vehicle insurance company.

5
Facial Recognition
  • It is another application through which
    businesses can implement artificial intelligence
    in banking and insurance services.
  • When businesses verify identity online, facial
    recognitions role is paramount. 
  • The insurance industry was the first one to
    introduce it in their process.

6
Decrease Fraudulent Activities
  • Banking insurance sector in India is mostly
    concerned over any fraudulent claim.
  • These are some of the many points that support
    the claim that online video KYC is the new future
    of banking and insurance verification.
  • All this is possible because of the innovation in
    the field of AI over the years.

7
Contact Details
About Signzy
  • Signzy helps financial institutions transform
    current semi-manual processes into real-time
    digital systems, using Artificial Intelligence
    and Blockchain. This ensures that the new
    processes are user-friendly, yet secure and
    compliant.

Bangalore office BPL building, 11th KM, Arakere
Bannerghatta Rd, Bengaluru, Karnataka 560076
Mumbai office Rise 1902, 19th Floor, Peninsula
Business Park, Tower B, Lower Parel, Mumbai
400013
reachout_at_signzy.com
https//signzy.com/
8
Follow Us On
https//www.facebook.com/TeamSignzy/
https//www.linkedin.com/company/teamsignzy
https//twitter.com/TeamSignzy
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