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
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
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.
Related Resources. Take a Look!
15 Remarkable Applications & Examples of AI in Business
Heard the buzz about the many benefits of AI, but curious about how it actually delivers? Here are 15 remarkable applications of how companies used AI to transform their business.
RapidMiner Platform Brochure
Read our platform brochure to learn more about how RapidMiner unifies the entire data science lifecycle from data prep, to machine learning and model operations.
The Forrester Wave: Multimodal Predictive Analytics And Machine Learning Solutions
Get a complimentary copy of the 2020 Forrester Wave: Multimodal Predictive Analytics And Machine Learning Solutions