Application of AI in Banking

Banking institutions have tonnes of data due to numerous bank holders accounts and their multiple investment portfolios, so database management could have been hectic. Thanks to application of  AI  in banking, operations have become much more efficient and simple. Artificial Intelligence introduced monitoring systems in banking sector which helps to structure the data & understand the buying behavior of the customers. This artificial intelligence powered monitoring also helps to scan data for lead generation, identify cross-selling opportunities thereby resulting in enhanced customer relationship management. A lot of frauds can also be averted through the use of AI in banking sector.