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Banking AI as a Service

In: Banking 4.0

Author

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  • Mohan Bhatia

    (Wipro Ltd.)

Abstract

AI helps to process a large volume of data, process unstructured data, simulate human-like communication both as voice and textual, automate decision making, and automate complete banking processes. The existing technology is constrained by extremely limited capabilities in processing large volumes of unstructured data and automating decision making beyond rule engines. Therefore, AI can help to complete the automation of a business process and build a machine interface for customers, partners, and employees.

Suggested Citation

  • Mohan Bhatia, 2022. "Banking AI as a Service," Springer Books, in: Banking 4.0, chapter 12, pages 265-293, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-6069-6_12
    DOI: 10.1007/978-981-16-6069-6_12
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