Given the fact that artificial intelligence can reduce both costs and increase profits, banks are reasonably convinced that this concept can be used in the financial sector.
Artificial intelligence has improved in recent years. Companies that offer financial services also work on artificial intelligence to determine the potential for potential application in investment banking and sales banking. Advocates of artificial intelligence claim that this technology has potential in every field, from bond markets to deposit accounts.
According to a study conducted by UBS's 86 banks, artificial intelligence technology could increase by 3.4% over the next three years and save 3.9% in cost of ownership.
Cleo CEO and producer Barnaby Hussey-Yeo says the future of financial services is artificial intelligence. This application offers suggestions for users to optimize their financial situation.
"We are trying to build an artificial human-centered intelligence that is primarily concerned with financial situations." Cleo's main function is to give you the best possible advice for your step ... The future we are talking about is all the financial resources that people earn money without thinking too much and worrying today. "
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