ranjan

Artificial Intelligence & Machine learning saw a great spike in past few years, whether it is due to Partnerships, In-house Developments, Acquisitions. Large financial institutions around the world has been involved in bringing Artificial Intelligence into operations and customer facing functions. It has opened up a world of possibilities for Application developers. As machines continue to learn and analyze data, financial institutions can capitalize in various areas to enhance productivity and ultimately profitability. Machine learning and Artificial intelligence can effortlessly consume data and expedite at large levels. A.I.has several applications in banking sector of which the main are - 1. AMP (Anti Money Laundering) Pattern- Refers to sets of procedures, laws or regulations     designed to stop practice of generating income through illegal actions In most cases. most     of major banks throughout are shifting from role based software to A.I. based systems which