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Shreya Bhandari-AI IN BANKING Flashcards | StudBud
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Shreya Bhandari-AI IN BANKING
Shreya Bhandari-AI IN BANKING
10 terms
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StudBud Administration
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Holiday Homework
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10 cards
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Questions
10
Answers
1
Robot which handles hosting duties in banks,teaching customers how to open accounts,relaying credit card details etc.
Alexa
Sophia
Pepper
Miko
2
AI technologies are making banking processes slower,money transfers insecure & bank-end operations more efficient .
True
False
3
Features such as ___,___,___lead to higher quality of services to wider customer base
Enhanced customer experience
Increased revenues,reduced costs & boost in profits.
AI bots,digital payments advisers & biometric fraud detection mechanism.
4
Artificial Intelligence is the future of banking as it brings the power of _____ to combat fraudulent transactions.
Power of advanced data analytics
AI Algorithm
Increased revenue
5
Kasisto is a conversational AI platform,which banks can use to build their own chat bots and virtual assistants
False
True
6
AI also enables banks to manage huge volumes of data at record speed to derive invaluable insights from it.
True
False
7
AI help banks to identify frauds by :
Accuracy
Predicting future outcomes and trends
Financial risk management
Incredible Precision
8
The rise of online security threats in banking has loosened government regulations.
True
False
9
Can banks serve better to their customers through AI?
True
False
10
____ with Artificial Intelligence (AI) advantage of digitization to banks.
Payment advisers
Harnessing cognitive technology
Financial service
