3. About Industry:
In the Financial industry we address three
primary segments:
● Capital Market Banking
● Consumer Banking
● Insurance Industry
● Stock Market
4. Emerging Trends:
● Increased risk management, requirements
and regulations
● Growth of agile, mobile and web based
technologies
● Emergence of AI, Machine Learning and
Deep Learning.
5. Financial institutions are the perfect
example of the term
Big Data
But
What is Big Data?
Big Data in Finance?
20. Fraud Detection:
● Machine Learning
○ Logistic Regression
○ Decision Trees
○ Random Forest
○ Clustering
● Deep Learning
○ Recurrent NN
○ LSTMs
21. Chatbots:
Why banking needs chatbots?
● Better Customer Experience
● Keep up with changing customer behaviour
Banking Chatbot use cases:
● Personal Banking Services
● Uninterrupted customer support
● Customer Feedback and Measurements
● Delivering Personalized Marketing
● Employee Self Service
22. World's Biggest Banks using
Chatbots:
● Bank of America(Erica)
suggests ideas how a customer can save
money, gives reports on their FICO score,
and encourages payment of bills within
the banking application
● JP Morgan(COIN)
a bot which can analyze complex
legitimate contracts quicker and more
proficiently than human lawyers. The bot
has helped JPMorgan spare more than
360,000 hours of labor.
● Capital One(ENO)
23. A peek into Machine Learning in
Square:
● Risk management and fraud
detection
● Square Capital business
lending
● Predicting best product for
sellers’ needs
● Predictive Customer support
24. Future of AI in Finance:
The uses of AI and machine
learning should continue to be
monitored. As the underlying
technologies develop further,
there is potential for more
widespread use, beyond the
use cases discussed. It will be
important to continue
monitoring these innovations
and to update this assessment
in the future.
25. ● Jobs
● Freelance
● AI Startups
How can you build your career in AI &
Machine Learning?
26. Jobs
● Artificial Intelligence jobs posted on Linkedin.
5000+
● Average AI job commands six figures.
$100,000 - $130,000 (per year).
35. A New Trend
Trend is changing from
“Every business is a software business”
To
“Every business is an AI Business”
36. There is an AI solution to every
business problem
- Finance
(Safer Trading, Fraud Prevention, Personalized Investment Plans)
- Marketing
(Automating Repetitive Tasks, Sales Through Images and Videos, Content
Generation)
- Customer Support
(Handling Multiple Customers at a Time, More Effective Phone Support)
- Medicine
(Mining Valuable Information From Untapped Data, Effective Treatment Plans,
More Efficient Primary Care)
- Real Estate
(Better And Faster Communication, Automating Property Valuation, Promoting
Rental Booking, Relevant Product Recommendations, Customer Engagement)
- And More...