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Financial Services

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

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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.
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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.
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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.
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What Our Finance Customers Say

"RapidMiner Best In Class Data Science And Machine Learning Platforms"
★★★★★
Sr Business Intelligence Data Analyst in the Finance Industry
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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
"Intuitive, Sophisticated Data Science Workflows"
★★★★★
Data Scientist in the Finance Industry
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RapidMiner Studio represents an efficient balance between, on the one hand, an intuitive interface with a streamlined workflow and, on the other, access to a broad suite of sophisticated, underlying models and data handling routines. This balanced design can only have been brought to market by developers who truly understand the modern data science workflow. The RapidMiner team is responsive and knowledgeable about the underlying technology. They have been a true partner in helping us to correctly configure our deployment.

Read the full review on Gartner Peer Insights
"Excellent AI/ML Vendor - Both From A Platform And A Partnership Perspective"
★★★★★
Director in the Finance Industry
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RapidMiner has proven to be both an excellent technical platform for us to initiate and get traction on our AI/ML projects, though equally important also a great partner that we can discuss potential new uses with. Their center of excellence with data scientists combined with their solution really is a great offering!

Read the full review on Gartner Peer Insights
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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.

Accelerate Your Data-Driven Transformation

Thinking about what digital transformation means for your organization? This study conducted by Forrester Consulting outlines how organizations are achieving success and planning for the future.

READ THE STUDY

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Let us show you how data science can help your organization reinvent business processes to drive revenue, cut costs, and avoid risks.

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