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Machine Learning In
Banking Sector
Presented By:
Girish Chandra Bharti
Knoldus Inc.
About Knoldus MachineX
MachineX is a group of data wizards.
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Agenda
01 Introduction of machine
learning
02 Banking Sector
03 Top Banks and their use
cases of machine learning
04 Top Use cases of ML in
banking sector
05 Quick demo for fraud
detection
Introduction of machine learning
Banking Sector
● Industry that handles cash, credit, and
other financial transactions.
● Provide a safe place to store extra cash and
credit.
● Offer savings accounts, certificates of deposit,
and checking accounts.
● Provide loans.
● One of the key drivers of the economy.
● Companies use loans to start hiring immediately to build for future demand
and expansion.
Types of Banks
=
The current status of ML in
banking sector?
Top 5 Banks and their use cases of ML
● Contract Intelligence or COiN (ML proprietary
algorithm)
JPMorgan Chase and their COiN:
Top 5 Banks and their use cases of ML
● Emerging Opportunities Engine
JPMorgan Chase and Emerging Opportunities Engine
Top 5 Banks and their use cases of ML
● Virtual chat assistant
JPMorgan Chase and Virtual chat assistant
Top 5 Banks and their use cases of ML
● AI Enterprise Solutions team
● AI-powered chatbot for the company’s Facebook
messenger
● This virtual assistant for resetting passwords
Wells Fargo and AI Enterprise Solutions team
Top 5 Banks and their use cases of ML
● Erica the virtual assistant
● AI assistant into their mobile banking solution
Bank of America
Top 5 Banks and their use cases of ML
● FeedzAI
Citibank
Top 5 Banks and their use cases of ML
● AI Innovation Leader
US-Bank
Use cases of ML in banking sector
Use cases of ML in banking sector
Fraud Detection
Use cases of ML in banking sector
Managing customer data
Use cases of ML in banking sector
Risk modeling for investment banks
Use cases of ML in banking sector
Personalized marketing
Use cases of ML in banking sector
Lifetime value prediction
Use cases of ML in banking sector
Real-time and predictive analytics
Use cases of ML in banking sector
Customer segmentation
Use cases of ML in banking sector
Recommendation engines
Use cases of ML in banking sector
Customer support
Demo of Fraud Detection
References
● https://techburst.io/5-use-cases-of-machine-learning-in-the-banking-industry-a4cfbedda722
● https://medium.com/activewizards-machine-learning-company/top-9-data-science-use-cases-in-banking-6bb071f9470c
● https://www.kaggle.com/currie32/predicting-fraud-with-tensorflow
●
Machine Learning in Banking Sector

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Machine Learning in Banking Sector