Machine learning is transforming the finance industry with next-gen innovations and major changes in its operations. The finance sector is implementing machine learning to automate elaborate processes, enhance security, and provide a better customer experience.
Financial services are now integrating Artificial Intelligence due to its ability to perform tasks just like humans, even when lots of raw unstructured data is involved. Machine Learning is most commonly employed in finance as it can handle large amounts of data and automate it in particular financial tasks.
Machine learning and artificial intelligence contribute to enhanced accuracy, automate data analysis, lower costs, interpret financial procedures, and improve customer experiences in accounting and finance.
Machine learning use cases in finance
Process Automation
Algorithmic trading
Robo-advisory
Loan Underwriting
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