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
- Enhancing Financial Monitoring
- Making Investment Predictions
- Maximizing Process Automation
- Ensuring Safe Transaction
- Managing Risky Situations
- Enabling Algorithmic Trading (AT)
- Insisting on Better Decision-making
- Amplifying Marketing Strategy
- Aiding Customer Retention Program
- Managing Customer Data on a Large-scale
source : https://www.analyticsinsight.net/top-10-applications-machine-learning-finance-fintech/