The speed at which banking regulations and auditing policies are changing is unprecedented. AI and machine learning (ML) are emerging as reliable and effective tools for both fintech and traditional banks to maintain regulatory compliance and safeguard their customers’ information. During this digital transformation, it is important to recognize the increasing complexity that fintech and banks are encountering when it comes to customer experience and retention. Keeping up with federal and local regulatory changes in a timely manner is mission critical. This white paper will provide a brief overview of how fintech and banks can gain a competitive edge using AI and ML applications.
Credit: Google News