#Artificial intelligence in banking

[harshathusm]

Use Cases of Artificial Intelligence in the Banking Sector

Artificial Intelligence (AI) is transforming the banking sector by enhancing operational efficiency and customer experiences. AI-powered chatbots improve customer support, while fraud detection systems secure transactions in real time. Predictive analytics helps banks understand customer behavior and offer personalized services. Additionally, AI streamlines loan processing and credit scoring, ensuring faster approvals. By integrating AI, banks can drive innovation and stay competitive.

USM Business Systems stands out as the best mobile app development company, delivering AI-driven solutions tailored for the banking sector.

USM Business Systems

Services:

Mobile app development

Artificial Intelligence

Machine Learning

Android app development

RPA

Big data

HR Management

Workforce Management

IoT

IOS App Development

Cloud Migration

[vikrantsunak12]

Unleashing the Power of Artificial Intelligence in Banking: A Comprehensive Overview

Artificial intelligence (AI) is revolutionizing the banking industry, reshaping operations, enhancing customer experiences, and driving innovation. In today's digital era, banks are leveraging AI technologies to streamline processes, mitigate risks, and deliver personalized services. This article explores the impact of artificial intelligence in banking, shedding light on its transformative effects, key trends, and future outlook.

AI in banking encompasses a wide range of applications, from customer service and fraud detection to risk management and decision-making. By analyzing vast amounts of data in real-time, AI-powered systems can identify patterns, detect anomalies, and provide valuable insights to banks, enabling them to make informed decisions and improve operational efficiency.

One of the key areas where AI is making a significant impact is in customer service and experience. AI-powered chatbots and virtual assistants are becoming increasingly prevalent in banking, offering customers personalized assistance round the clock. These virtual agents can handle routine inquiries, provide account information, and even assist with transactions, enhancing customer satisfaction and reducing the burden on human agents.

Moreover, AI is revolutionizing fraud detection and prevention in banking. By analyzing transaction data and user behavior, AI algorithms can detect suspicious activities and flag potential fraudulent transactions in real-time. This proactive approach to fraud prevention helps banks mitigate risks, protect customer assets, and maintain trust in the digital banking ecosystem.

In addition to customer service and fraud detection, AI is playing a crucial role in risk management and decision-making in banking. AI-powered algorithms can analyze credit risk, assess loan applications, and identify potential defaults more accurately and efficiently than traditional methods. This enables banks to make better-informed lending decisions, minimize risks, and optimize their loan portfolios.

Furthermore, AI is driving innovation in product development and marketing strategies for startups in the banking sector. By analyzing customer data and market trends, AI algorithms can identify emerging needs and preferences, enabling startups to develop innovative products and services that cater to evolving customer demands. Additionally, AI-powered marketing techniques, such as personalized recommendations and targeted advertising, can help startups reach their target audience more effectively and drive customer engagement.

Looking ahead, the future of AI in banking is bright, with continued advancements in technology and increasing adoption across the industry. Key trends to watch out for include the rise of explainable AI, which aims to make AI algorithms more transparent and understandable, as well as the integration of AI with other emerging technologies such as blockchain and Internet of Things (IoT) for enhanced security and efficiency.

In conclusion, artificial intelligence is transforming the banking industry in profound ways, revolutionizing customer service, fraud detection, risk management, and innovation. Startups in the banking sector can leverage AI technologies to develop innovative products, enhance customer experiences, and drive growth. By embracing AI-driven marketing strategies and staying abreast of emerging trends, startups can position themselves for success in the rapidly evolving landscape of banking in the digital age.

Stay updated on the latest trends and insights in leveraging AI in banking by visiting our blog on Innovative Marketing Techniques for Startup Apps and Software. Explore how AI is reshaping the banking industry and discover strategies to harness its potential for your startup's success. Join us on this journey of innovation and transformation in banking with AI.

[commiepinkofag]

‘Intelligent Commerce’

this makes me hopeful that capitalism will survive the demise of humanity

[all-india-govt-jobs]

Youngsters in India now prefer entrepreneurship over MNC jobs: RBI governor Malhotra

NEW DELHI: Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the mindset of India’s young generation has changed remarkably over the years, with many now preferring to become entrepreneurs rather than seeking jobs in multinational companies (MNCs). Highlighting the shift, Malhotra said, “When I left college, getting a job in a MNC was the preferred choice. None took up the challenge…

[impact-newswire]

NatWest & OpenAI collaborate to accelerate cutting-edge AI transformation in support of bank-wide simplification and enhanced customer experience

NatWest Group has today announced that it has become the first UK-headquartered bank to work with OpenAI as part of a collaboration that supports its strategic focus on bank-wide simplification. Press Release – 20 Mar 2025 – NatWest Group has today announced that it has become the first UK-headquartered bank to work with OpenAI as part of a collaboration that supports its strategic focus on…

[cultivating-wildflowers]

sci-fi writer from the 50's: in the future there will still be dance halls.

me: buddy I wish

[palestine1989]

[victusinveritas]

[theexxxiled]

THE AI DISCO

W/ Brock Banks & Alex Zolanski

[snehanissel]

10 Practical Steps to Start a Successful Investment Banking Career Without an Elite College Degree

The world of investment banking often feels like an exclusive club, reserved for graduates of Ivy League schools or elite institutions. But the truth is, with determination, strategic planning, and the right skills, you can break into this high-stakes industry without a prestigious degree. Whether you're a recent graduate or transitioning from another career, the path to investment banking is challenging but achievable. Here are 10 practical steps to help you launch a successful career in investment banking, with insights on leveraging resources like an Investment Banking training institute in Mumbai, enrolling in the Best Investment Banking Course with Placement Guarantee, or pursuing an Investment Banking Certification Course in Mumbai.

1. Understand the Industry and Its Demands

Investment banking is a fast-paced, high-pressure field that involves advising companies on mergers, acquisitions, capital raising, and financial strategy. Before diving in, take time to research the industry thoroughly. Understand roles like analyst, associate, or vice president, and familiarize yourself with key concepts like financial modelling, valuation, and deal structuring.

Start by reading books like Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions by Joshua Rosenbaum or following industry news on platforms like Bloomberg and Financial Times. You can also explore free online resources or join an Investment Banking training institute in Mumbai to gain structured insights into the industry. These institutes often provide foundational knowledge that levels the playing field for non-elite graduates.

2. Build a Strong Foundation in Finance

A lack of an elite degree doesn’t mean you can skip mastering the technical skills required for investment banking. Focus on learning financial modeling, accounting, and valuation techniques. These skills are non-negotiable for roles in mergers and acquisitions, equity research, or capital markets.

Enrolling in the Best Investment Banking Course with Placement Guarantee can be a game-changer. These courses often cover critical topics like discounted cash flow (DCF) analysis, comparable company analysis, and Excel proficiency. Many programs, especially those offered by an Investment Banking Certification Course in Mumbai, provide hands-on training with real-world case studies, ensuring you’re job-ready.

3. Leverage Online Learning Platforms

If attending an Investment Banking training institute in Mumbai isn’t feasible, online platforms like Coursera, edX, or Wall Street Prep offer affordable, high-quality courses. These programs teach you the nuts and bolts of investment banking, from pitch book creation to financial statement analysis.

For example, Wall Street Prep’s Premium Package is a popular choice for aspiring bankers. Pair this with free resources like YouTube tutorials or podcasts such as The Wall Street Lab to deepen your understanding. The key is consistency, dedicate a few hours daily to mastering these skills.

4. Network Strategically

Networking is the lifeblood of investment banking. Without an elite degree, you’ll need to work harder to build relationships with industry professionals. Attend finance-related events, webinars, or workshops hosted by an Investment Banking training institute in Mumbai. These events often attract recruiters and professionals who can offer insights or referrals.

Use LinkedIn to connect with investment bankers, alumni from your college, or professionals in boutique firms. Craft personalized messages, not generic ones. For example, mention a recent deal their firm closed or ask for advice on breaking into the industry. Persistence and authenticity in networking can open doors to opportunities that a degree alone cannot.

5. Gain Relevant Experience

Experience matters more than pedigree in investment banking. If you’re still in college, seek internships in finance-related fields like corporate finance, wealth management, or even accounting. If you’re a working professional, consider roles in financial analysis or consulting to build transferable skills.

Boutique investment banks or regional firms are often more open to hiring candidates from non-elite backgrounds. Additionally, completing an Investment Banking Certification Course in Mumbai can enhance your resume, signalling to employers that you’ve invested in professional training. Some programs, like the Best Investment Banking Course with Placement Guarantee, even offer internships or job placement support, giving you a direct path to real-world experience.

6. Master Excel and Financial Modeling

Excel is the backbone of investment banking, and proficiency in financial modelling is a must. Learn to build models for DCF, LBO (leveraged buyout), and M&A deals. You don’t need an elite degree to excel at Excel, just practice and discipline.

Many Investment Banking training institutes in Mumbai offer specialized modules on financial modeling. These courses teach you how to create error-free spreadsheets, use advanced formulas, and present data professionally. If you’re self-studying, websites like Macabacus or Breaking Into Wall Street provide free templates and tutorials to hone your skills.

7. Earn Industry-Recognized Certifications

Certifications can bridge the gap between a non-elite degree and the qualifications employers seek. Consider pursuing certifications like the CFA (Chartered Financial Analyst) Level I, Series 7, or an Investment Banking Certification Course in Mumbai. These credentials demonstrate your commitment and expertise to recruiters.

The Best Investment Banking Course with Placement Guarantee often includes certification preparation, combining technical training with career support. These programs are particularly valuable in competitive markets like Mumbai, where standing out is crucial.

8. Tailor Your Resume and Cover Letter

Your resume and cover letter are your first impression, so make them count. Highlight relevant coursework, internships, or projects that showcase your financial acumen. If you’ve completed an Investment Banking training institute in Mumbai program or an Investment Banking Certification Course in Mumbai, feature it prominently on your resume.

Use action verbs like “analyzed,” “developed,” or “presented” to describe your achievements. For example, instead of writing “worked on financial models,” say “developed a DCF model to evaluate a $50M acquisition deal.” Tailor each application to the specific firm and role, emphasizing how your skills align with their needs.

9. Prepare Rigorously for Interviews

Investment banking interviews are grueling, testing both technical knowledge and behavioral fit. Prepare for questions like “Walk me through a DCF” or “Why do you want to work in investment banking?” Practice answering concisely and confidently.

Enroll in mock interview sessions offered by an Investment Banking training institute in Mumbai or the Best Investment Banking Course with Placement Guarantee. These programs simulate real interviews, helping you refine your responses. Additionally, study the firm’s recent deals and industry trends to show you’ve done your homework.

10. Stay Resilient and Keep Learning

Breaking into investment banking without an elite degree requires grit. Rejections are part of the journey, but they don’t define your potential. Stay committed to learning, whether through self-study, online courses, or an Investment Banking Certification Course in Mumbai. Each step forward builds your skills and confidence.

Join online communities like Wall Street Oasis or Reddit’s r/FinancialCareers to connect with others on the same path. These platforms offer advice, interview tips, and encouragement. If you face setbacks, reflect on feedback, refine your approach, and keep applying.

Why Mumbai Is a Great Place to Start

Mumbai, India’s financial capital, is a hub for investment banking opportunities. Firms like JPMorgan, Goldman Sachs, and local players like Kotak Investment Banking have a strong presence here. Enrolling in an Investment Banking training institute in Mumbai gives you access to local networks, industry events, and tailored training that aligns with the Indian market’s needs.

Programs like the Best Investment Banking Course with Placement Guarantee are designed to help non-elite graduates compete in this dynamic market. These courses often include mentorship, resume workshops, and placement support, making them a smart investment for your career.

A Personal Perspective

When I first considered a career in investment banking, I felt intimidated. I didn’t have a degree from an IIT or IIM, and the industry seemed out of reach. But through self-study, networking, and enrolling in an Investment Banking Certification Course in Mumbai, I gained the skills and confidence to pursue my goal. It wasn’t easy, late nights studying financial modelling and countless coffee chats with professionals were part of the grind. But every step brought me closer to my dream job.

You don’t need an elite degree to succeed in investment banking. What you need is a clear plan, relentless drive, and the right resources. Whether it’s joining an Investment Banking training institute in Mumbai, completing the Best Investment Banking Course with Placement Guarantee, or networking strategically, each action you take builds your path to success.

Final Thoughts

Starting a career in investment banking without an elite degree is challenging but entirely possible. By understanding the industry, building technical skills, networking strategically, and leveraging resources like an Investment Banking Certification Course in Mumbai, you can compete with the best. Stay focused, keep learning, and don’t let your background define your future. With these 10 practical steps, you’re well on your way to a rewarding career in investment banking.

[10bmnews]

Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom

Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025. Gerry Miller | CNBC Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry. Anthropic, founded by former OpenAI…

[impact-newswire]

OpenAI and SoftBank Group Partner to Develop and Market Advanced Enterprise AI

February 3, 2025 – OpenAI, Inc. SoftBank Group Corp. Arm SoftBank Corp. For the presentation materials and the archived video of the event held on February 3, 2025, please check here. OpenAI and the SoftBank Group today announced a partnership to develop and market Advanced Enterprise AI called “Cristal intelligence.” Cristal intelligence will securely integrate the systems and data of…

[jcmarchi]

DeepSeek's AI breakthrough: Fewer resources, big impact

New Post has been published on https://thedigitalinsider.com/deepseeks-ai-breakthrough-fewer-resources-big-impact/

DeepSeek's AI breakthrough: Fewer resources, big impact

On December 26th, a modest-sized Chinese company named DeepSeek introduced advanced AI technology, rivaling the top chatbot systems from giants like OpenAI and Google.

This achievement was noteworthy for its capability and the cost-efficiency with which it was developed. Unlike its large competitors, DeepSeek created its artificial intelligence, DeepSeek-V3, using significantly fewer specialized processors, which are typically essential for such advancements.

Cost efficiency and technological breakthrough

These processors are at the heart of a fierce tech rivalry between the U.S. and China. The U.S. aims to keep its lead in AI by restricting the export of high-end chips, such as those from Nvidia, to China.

However, DeepSeek’s success with fewer resources raises concerns about the effectiveness of U.S. trade policies, which have inadvertently spurred Chinese innovation using more accessible technologies.

DeepSeek-V3 impressively handles tasks like answering queries, solving puzzles, programming, and matching industry standards. Remarkably, it was developed with just around $6 million worth of computing resources, starkly contrasting the $100 million Meta reportedly invested in similar technologies.

Chris V. Nicholson from Page One Ventures pointed out that more companies could afford $6 million than the heftier sums, democratizing access to advanced AI technology.

Strategic implications and global impact of DeepSeek

Previously, experts believed only firms with substantial financial resources could compete with leading AI firms, which train their systems on supercomputers requiring thousands of chips.

DeepSeek, however, managed with just 2,000 chips from Nvidia. This efficient use of limited resources reflects the forced innovation resulting from chip restrictions in China, as Jeffrey Ding from George Washington University noted.

Recently, the U.S. tightened these restrictions to prevent China from acquiring advanced AI chips via third countries. This is part of ongoing efforts to limit Chinese firms’ potential military use of these technologies, which have resorted to stockpiling chips and sourcing them through underground markets.

ChatGPT vs Bard: What are the top key differences?

We’re taking a look at Bard vs ChatGPT and their key differences like technology, internet connection, and training data.

DeepSeek, a company rooted in quantitative stock trading, has been leveraging its profits to invest in Nvidia chips since 2021, fueling its AI research rather than consumer products. This focus has allowed it to bypass stringent Chinese regulations on consumer AI, attracting top talent and exploring diverse applications from poetry to complex examinations.

While leading U.S. firms continue to push AI boundaries, DeepSeek’s recent achievements underline its growing prowess in the field. It also highlights the broader shift towards open-source AI, gaining traction as companies like Meta openly share their technologies. This shift increasingly positions China as a central player in AI development, posing a strategic challenge to U.S. dominance in the field.

As the debate continues over the potential risks of open sourcing AI in the U.S., such as spreading misinformation, the global open source community, increasingly led by China, might shape the future of AI development, suggesting a significant geopolitical shift in the technology landscape.

Have you seen our 2025 event calendar?

From agentic AI to LLMOps, this year will be bigger than ever – join us in one of our 19 in-person events across the globe and network with other AI leaders.

Like what you see? Then check out tonnes more.

From exclusive content by industry experts and an ever-increasing bank of real world use cases, to 80+ deep-dive summit presentations, our membership plans are packed with awesome AI resources.

Subscribe now

[allthebrazilianpolitics]

Generative AI reshapes banks’ relationships with customers in Brazil

Services are becoming faster and more precise through hyper-personalization, delivering solutions better tailored to each consumer’s needs

Generative artificial intelligence is beginning to redefine Brazil’s financial sector. The model of banking that prevailed in 2024 already feels outdated, as made clear over three days at Web Summit Rio, where the transformative role of AI in finance took center stage.

Today, generative AI is delivering faster, more precise services, with solutions tailored to each user’s individual needs. Hyper-personalization and customer empowerment were recurring themes across the event’s many stages, which drew more than 34,000 attendees.

The audience heard firsthand about PicPay’s 60 million Brazilian Social Security number (CPF) holders, who now transfer money between accounts at different banks using simple voice commands—even while driving, as one example highlighted. They also learned about NG Cash, a digital bank tailored to Generation Z, where roughly 90% of customer service inquiries are handled by virtual assistants, far above the market average of around 50%.

The technology is also gaining traction among Brazil’s traditional banking giants. Caixa Econômica Federal will launch a service station at COP30 in Belém, featuring real-time translation from Indigenous languages into Portuguese to reduce the communication barriers that often prevent transactions from being completed. Meanwhile, Itaú is set to deploy AI-powered investment agents in the first half of this year, expanding the initiative through 2025. According to CEO Milton Maluhy Filho, more than 70 million customers will gain access to services that were previously reserved for large corporate clients.

Continue reading.

[quantumleapblog]

Transforming Care with Digital Healthcare Solutions: Innovation, Impact & Future

Digital healthcare solutions are revolutionizing the medical world by enhancing care accessibility, accuracy, and efficiency. Tools like telemedicine platforms, mobile health apps, and AI diagnostics empower providers and patients alike. Wearable devices now allow real-time monitoring, enabling proactive interventions. Electronic Health Records (EHRs) ensure seamless data sharing across systems, improving treatment coordination. Despite challenges like interoperability and data security, the benefits of improved patient outcomes and operational efficiency make digital healthcare an unstoppable force in modern medicine. As technology evolves, so too does our ability to deliver smarter, faster, and more personalized care to every corner of the world.

[peterbordes]

🚨 Fraud detection is not a solo mission

🔒 Fraud doesn’t happen in isolation

Neither should your defense

At Fraud.net, they’re protecting global organizations through our 🌐 Global anti-fraud Network.

In today’s complex landscape, working in silos with limited visibility of global fraud data and emerging threats is a challenge.

The powerful network of real time intelligence helps break through those barriers, delivering the clarity and confidence needed to act.

What this means for you:

🔍 You tap into a trusted and effective intelligence network

📉 You reduce risk and operational costs

🛡️ You deliver a safer, more secure experience for your customers

It’s about collective intelligence

It’s about stopping fraud before it impacts your revenue

Let’s connect the dots

🔗 More here: https://www.fraud.net/technology/global-anti-fraud-network