Artificial Intelligence In Banking And Risk Management

This “SAS AI REPORT 2: ARTIFICIAL INTELLIGENCE IN BANKING AND RISK MANAGEMENT” explores the growing adoption and impact of AI technologies within the financial services industry, particularly in banking and risk management. It’s targeted at financial executives, risk professionals, IT leaders, and anyone involved in strategic decision-making regarding technology investments and risk mitigation in financial institutions. The report aims to distinguish between AI hype and reality, presenting findings from a December 2018 survey conducted by the Global Association of Risk Professionals (GARP) and SAS, which surveyed over 2,000 financial services professionals. It underscores how AI, in its various forms like machine learning, natural language processing, and robotic process automation, is enabling automation of manual processes, enhancing credit scoring, improving data cleansing, and bolstering risk grading, ultimately paving the way for more precise and efficient risk management and product development tailored to customer needs. Curious about the real-world impact of AI in banking and risk management? Download this