AI & It's Application in Banking

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&

BANKING
INDUSTR
Y

Prepared by –
Kritika & Tapomoy
Date-11th March,
•LEADING
AGENDA
BANKS & IT’S
SERVICE
PROVIDERS•BLOCKCHAI
•FUTURE
N
PROSPECTS•RELATION
•INTRODUC
TION TO AI
•WHO IS &
•PROS
•WHAT IS AI USING
•FINANCIAL •FACTS & CONS
BLAOCKCHA
•CLALLEN
LITERACY IN FIGURES
INGES OF
INDIA •APPLICATIO
NS OF AI IN AI
“AI is the new electricity… just as electricity
transformed many industries roughly 100 years
ago; AI will also now change every major
industry”—Andrew Ng,2007

Expert
Talk
QUESTION
TO
AUDINACE
What could be India's financial literacy
rate?

15% 22.5% 20%


Financial literacy
PREDICTIVE BANKING

SEAMLES
S
PREDICTI ENGAGE
ON MENT
Enhancing Lock and
personal unlock a
finance customer’s
management. debit card on
request
Advice
Personal
expense
predictions
with accuracy
Do you know
where I have my CONVENIENCE
savings account?

VOICE OFFLINE
BANKING NEOBANK HELP
iPal provides new Wizely India’s first Mitra, a humanoid
edge banking digital piggybank app robot, which helps
solution through that allows its users customers navigate
Amazon’s Alexa and to save little by little, the.
Google Assistance offering the choice of A CANARA BANK
device Flexi and Savings PRODUCT.
Plan.
SECURITY

SMART FRAUD
VAULT DETECTION
These lockers are powered Increase real-life security
by robotic technology that protocol to fine-tune
minimizes human authentication.
intervention while operating
the locker.
OPERATIONAL EFFICIENCYREPLACE
CUSTO
MER MENT OF
QUERI HUMAN
ES ASSISTAN
T

An AI-based chatbot, HSBC’s Pepper


“Eva”, which can books
assimilate knowledge appointments,
from thousands of offers
sources and provide information
simple answers in less about services,
CONSUMER ADOPTION

CONTACTLES SPENDING
WEARABLES S ADVISORY
Click on the iWear TECHNOLOG
With FlexiTag end- RBS’ NOMI Find &
by ICICI Bank icon
and start
Y
users can use the
new feature
Save™ provides an
effortless way to
transacting on your without any maximize savings
paired Smart additional action.
Watch.

Show
Time
HOW BANKS CAN
LEVERAGE
ON AI
Reduced Cost Mitigate Risk
Complete Routine tasks with Improved decision making
ease for loans & credit

Increased Revenue Improved Customer Experience


Reducing bank’s operating AI helps streamline
cost customer experience by
removing manual steps
LIMITATIONS OF AI
THE STORY IS NOT ROSY
NEW ENTRANTS

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