How can Artificial Intelligence & Machine Learning be used in Finance? | Top 12 Applications in 2021

Recent years have seen a rapid acceleration in the pace of disruptive technologies such as AI and ML in Finance due to improved software and hardware.

The finance sector, specifically, has seen a steep rise in the use cases of machine learning applications to advance better outcomes for both consumers and businesses.

Increasing competition & rising customer expectations are major challenges faced by the finance industry today.

𝐖𝐡𝐚𝐭’𝐬 𝐭𝐡𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧?
⏩Technology

Wells Fargo uses an ML-driven chatbot through Facebook Messenger to communicate with its users effectively.

The finance industry is rapidly deploying machine #algorithms to automate time-consuming, mundane processes, & offering a far more streamlined & personalized customer experience.

Some of the top finance companies have invested heavily in security machine learning.
-Adyen
-Payoneer
-Paypal
-Stripe
-Skrill

In this video, we will discuss 𝐟𝐞𝐰 𝐮𝐬𝐞 𝐜𝐚𝐬𝐞𝐬 𝐰𝐡𝐞𝐫𝐞 𝐦𝐚𝐜𝐡𝐢𝐧𝐞 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐚𝐥𝐠𝐨𝐫𝐢𝐭𝐡𝐦𝐬 𝐜𝐚𝐧 𝐛𝐞/𝐚𝐫𝐞 𝐛𝐞𝐢𝐧𝐠 𝐮𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 –

📗 Grab a free ebook on How Artificial Intelligence could help revolutionize Industries?

➡️ Do you have more questions on why AI & Machine Learning are important to business? Do you know any more applications of Artificial Intelligence & ML in finance? Share your views in the comments below.

⏰ 𝐕𝐢𝐝𝐞𝐨 𝐓𝐢𝐦𝐞𝐬𝐭𝐚𝐦𝐩𝐬:

0:00 - Introduction
0:05 - How Does Machine Learning In Finance Work?
0:20 - Use-cases of 𝐀𝐈 & 𝐌𝐋 in 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
0:25 - Challenges Faced by Finance Companies While Implementing ML Solutions
0:30 - Why Use Machine Learning in Finance?
0:37 - Top 12 Machine Learning Use Cases in Finance
1:00 - Companies using AI & ML in finance
1:05 - Did you know?
1:12 - Future Prospects of Machine Learning In Finance
1:21 - Conclusion

📄 𝐅𝐢𝐧𝐝 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞:

🔔 Also if you haven't already, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐭𝐨 𝐨𝐮𝐫 𝐘𝐨𝐮𝐭𝐮𝐛𝐞 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 to learn about the latest technology trends & how they are impacting businesses:❤️

Thanks for watching!
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#finance #artificialintelligence #machinelearning

Want more? 𝐅𝐨𝐥𝐥𝐨𝐰 𝐌𝐚𝐫𝐮𝐭𝐢 𝐓𝐞𝐜𝐡𝐥𝐚𝐛𝐬 on the links below for more such insights:

About 𝐌𝐚𝐫𝐮𝐭𝐢 𝐓𝐞𝐜𝐡𝐥𝐚𝐛𝐬: We are a digital product development company and your guide on the digital transformation journey. Right from materializing your ideas through rapid application development, to improving processes via RPA and AI, to streamlining your customer support via chatbots, we do it all.

Our 𝐦𝐢𝐬𝐬𝐢𝐨𝐧 is to help our clients build future-proof and intuitive digital products while guiding them with the best processes & practices that will allow them to undergo a successful digital transformation and scale sustainably.

𝐇𝐨𝐰 𝐜𝐚𝐧 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 & 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐛𝐞 𝐮𝐬𝐞𝐝 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞? | 𝐓𝐨𝐩 12 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 2021