Artificial Intelligence Will Renew The Banking System

Artificial intelligence is the new trump card of the banking sector, which wants to become stronger and accelerates its steps in innovation and innovation as digital currencies add value every day. .

Banks, acting on the expectation that artificial intelligence can both reduce costs and increase earnings, are very hopeful about the potential use of this concept in the financial sector.

Artificial intelligence has been developing gradually in recent years. Firms providing financial services are also working to identify the potential application potential of artificial intelligence in both investment banking and sales banking. Advocates of artificial intelligence claim that this technology has potential in everything from bond markets to deposit accounts. In his article titled “Could it be a revolution?”, he says, “According to the research conducted by UBS on 86 banks, artificial intelligence technology can increase revenues by 3.4% and save costs by 3.9% in the next three years.” “I think the future of financial services lies in artificial intelligence,” says Barnaby Hussey-Yeo, CEO and producer of ‘Cleo’, an artificial intelligence-supported chat application that gives advice to optimize their finances.

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