Analytics and Artificial Intelligence are fast evolving as the go-to technologies for companies looking to personalize customer experience, streamline and automate processes, reduce fraud, manage risks more effectively and reduce security risks. Research firms are predicting the growing potential of AI in banking and financial services globally. As per an Accenture report* AI is estimated to add $1.2 trillion in value to the financial industry by 2035.
In our latest Whitepaper – Analytics and Artificial Intelligence transforming lending, we look further into the applications of machine learning and text analytics across the various stages of lending cycle. The use of advanced analytics and AI offers immense potential for the lending business with many evident as well as yet to be explored use cases. While industry agnostic analytics solutions can claim to address the use cases, in practice, they create bottlenecks in unlocking the true potential of data driven insights. Specialized lending solutions, like Nucleus Lending Analytics can help financial institutions derive tremendous business value by leveraging the power of AI and advanced analytics.
* Accenture report on AI research: How AI boosts industry profits and innovation
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