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.
What Our Finance Customers Say
Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.
Find out how ML can transform your
financial services business
We apply our expertise to help you identify the use cases you should tackle in your organization. The outcome is an impact-feasibility map that you can use with or without us.
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