1. Transactional Bots: AI bots Offers financial coaching and assistance to guide customers with financial planning, savings, and expenses.
2. Fraud Detection & Prevention: ML and RPA provide various options to detect patterns to inform about fraudulent activities.
3. Trading: ML speeds up the decision-making process by analyzing data through pattern detection with AI-based algorithms.
4. Processing Claims: AI-based chatbots are to the rescue for the insurance companies to analyze the urgency and originality of claims.
5. Client-risk profiling: Artificial neural network(ANN) helps in categorizing clients based on the risks of their profiles from low to high.
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