Machine learning algorithms are designed to learn from data, processes, and techniques to find different insights. Here are some of the reasons why the financial sector should adopt machine learning,

• Improves productivity and user experience

• Enhances revenue

• Low operational cost due to process automation

• Gives security to transactions

use cases

  1. Enhancing Financial Monitoring
  2. Making Investment Predictions
  3. Maximizing Process Automation
  4. Ensuring Safe Transaction
  5. Managing Risky Situations
  6. Enabling Algorithmic Trading (AT)
  7. Insisting on Better Decision-making
  8. Amplifying Marketing Strategy
  9. Aiding Customer Retention Program
  10. Managing Customer Data on a Large-scale

 

source : https://www.analyticsinsight.net/top-10-applications-machine-learning-finance-fintech/

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