Artificial Intelligence a fast developing technology

2019-11-07T11:05:06+00:00November 7th, 2019|AI, Banking, Big Data, Insurance, InsurTech, Machine Learning|0 Comments

Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalise experience for individuals. The technology itself is getting better and smarter day-by-day, allowing more and newer industries to adopt the AI for various applications. Banking sector is becoming one of the first adopters of AI. In addition, just like other segments, banks are exploring and implementing the technology in various ways. The rudimentary applications AI include bring smarter chat-bots for customer service, personalising services for individuals, and even placing an AI robot for self-service at banks. Beyond these basic applications, banks can implement the technology for bringing in more efficiency to their back-office and even reduce fraud and security risks.

Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalize experience for individuals. The technology itself is getting better and smarter day-by-day, allowing more and newer industries to adopt the AI for various applications. Banking sector is becoming one of the first adopters of AI. In addition, just like other segments, banks are exploring and implementing the technology in various ways. Objectives – To study the areas where the artificial intelligence is being used by the banks & To study about the application of Artificial intelligence in Banking Sector.

Among Israel’s FinTech success stories are startups working in fields such as cryptocurrency, personal financial planning and protection of data, fraud prevention, and customer services. Many organizations have gone public, and there is a lot of interest from local and foreign investors.

Relevant companies, interested to learn more on Israel innovative technology /solutions are invited to contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru.

For further queries: contact: Kavitha Saravanan, Trade Officer, Trade and Economic Affairs Tel: +91-80-49406515. kavithas@israeltrade.gov.il

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