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What are the 5 Ways to power up your fintech product

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Old 18-09-2020, 03:25 PM
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Default What are the 5 Ways to power up your fintech product

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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