India's largest platform and marketplace for GCC & AI leaders and professionals

Sign in

India's largest platform and marketplace for GCC & AI leaders and professionals
Become a Thought Leader
Become a 3AI Member

Sign in

3AI Digital Library

< Go Back

AI/ML Ecosystem in Financial Services

3AI June 19, 2022

Gokulraj Perumal 
Associate Principal
 eClerx

Technology-led customer expectations, fintech disruptors, challenging & changing regulatory frameworks and the blurring lines between industries….bank, insurance, IT, retail and telco businesses keep life interesting for the Financial Services sector. Financial institutions are finding new ways to incorporate tech into their services to be competitive and AI/ML are an integral part of this agenda.

In this session, Gokul shared interesting insights on the adoption of AI/ML in Financial Services and the spectrum of aspects AI/ML journey needs to address in this industry. He gave a walkthrough of the areas where the AI/ML are being applied – Fraud detection (transaction monitoring and anti-money laundering), Trading, Credit risk management, Personalised banking, Intelligent document processing, Process automation, Predictive analytics and control functions.

Gokul also touched upon Privacy Enhancing Computation & Explainable AI aspects which are of higher importance for the financial institutions as compliance and regulatory aspects.

    3AI Trending Articles

  • The AI Inflection Point: Operationalizing Intelligence as the New Enterprise Operating System

    Featured Article by Mohan Khilariwal, AI Strategist, Fractional CTO/CAIO, and Executive Advisor to Leadership Teams Imagine standing at the cusp of a revolution, much like the inventors who harnessed electricity not just to light bulbs, but to rewire entire factories and societies. Or the pioneers of the internet, who didn’t merely connect computers but transformed […]

  • Being Digital: New Age of Business Transformation

    Digital technologies have profoundly changed the ways we do business, buy, work and live. They have even altered society and continue impacting virtually all business functions and industries. It’s partially what digital business is about Today, digital business mainly is used in a context of digital transformation, disruptive technologies, holistic business optimization and integration/convergence. However, it’s […]

  • Way to make object-recognition models perform better

    Adding a module that mimics part of the brain can prevent common errors made by computer vision models. Computer vision models known as convolutional neural networks can be trained to recognize objects nearly as accurately as humans do. However, these models have one significant flaw: Very small changes to an image, which would be nearly […]

  • Inventory Redeployment through Optimized and Automated Recommendations

    Featured Article: Author: Shrinath Bhat, Senior Data Scientist, AB InBev Supply Chain of Future (SCoF) Analytics team’s vision, which is a part of Growth Analytics Centre (GAC): the global analytics hub for Ab-InBev, is to create value via adoption of cutting-edge practices in Supply Chain domain with a series of digital transformations and advanced analytics […]