Financial Services

Reinvent every critical business process from evaluating and pricing risk to personalizing the customer experience.

Reinventing financial services processes with AI

We enable financial services companies around the world to do more than just withstand these pressures. By harnessing the power of AI with RapidMiner, financial companies can reinvent critical business processes – everything from evaluating and pricing risk to personalizing customer experiences and much more.

Financial Services Industry Use Cases

Drive Revenue

Expand customer relationships through targeted up-sell & cross-sell
Reduce churn by predicting at-risk customers in time to proactively prevent attrition
Launch compelling new products and services based on insights into customers’ hidden needs and wants
Forecast economic conditions with sophisticated scenario modeling

Cut Costs

Streamline operations by determining the optimal execution path for every process
Reduce settlement errors by monitoring transactions for early detection of problems
Reduce false-positive AML cases by more precisely classifying suspicious transactions
Comply more easily with KYC lifecycle requirements by predicting customer behavior outliers

Avoid Risks

Reduce bad debt through early identification of problem signs
Increase visibility into portfolio risk by predicting default probabilities
Prevent rogue trading with integrated communications and trade surveillance
Improve cybersecurity by prioritizing attack investigation and remediation efforts with AI

Why AI Now?

Financial institutions are under relentless pressure. Emerging competitors and disruptive technologies are changing how and where people spend, save and invest.

Criminal perpetrators have become so advanced it’s hard to keep ahead of fraud and cyber attacks. Regulatory demands require a frenetic pace of self-analysis and reporting. Robotic process automation promises such a dramatic impact to cost structures they can’t be ignored.

Automate Real-Time Reporting for High-Frequency Transactions

ELECTRONIC TRADING PLATFORM

Custom-built data pipeline solutions are hard to maintain and creates organizational bottlenecks. Learn how RapidMiner is used to build a foundation for success and more advanced analytics projects.

Automate Daily Manual Tasks

ACCOUNTING FIRM

Data integration tasks are time-consuming and labor-intensive. Learn how AI with RapidMiner streamlines these tasks and shortens time-to-insight, while enabling business-critical analytics.

Looking for more ways to transform your business with AI?

50 WAYS TO IMPACT YOUR BUSINESS WITH AI

We’ve compiled 50 high-impact use cases from our customers. Learn from successful applications in finance and draw inspiration from those outside of the industry.

GET THE EBOOK

What Our Finance Customers Say

The RapidMiner team has been amazing from day one. We have a small RapidMiner footprint but are treated like a top tier customer. The availability of a Data Scientist to help with real-world problems was an added benefit that is priceless.

Read the full review on Gartner Peer Insights

RapidMiner has improved the time to market in delivering data science solutions to our stakeholders. Operationalizing data science projects has never been easier! Highly recommend the product, if the objective is to create an end-to-end data science solution that wasn't otherwise easily attainable with just Python, Notebooks or Rstudio.

Read the full review on Gartner Peer Insights

I have been using RapidMiner Studio now for about 2 years and am a huge fan. The analyses I'm able to conduct with RapidMiner makes me look like a wizard. I was conflicted about even filling out this survey because the fewer people know about RapidMiner the better it is for me 🙂

Read the full review on Gartner Peer Insights

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