Even though the BFSI industry is one of the early adopters of emerging technology, it is also the most vulnerable sector.
Machine learning can generate meaningful insights, but if you feed data that doesn’t make any sense to the algorithm, that is exactly what you will get in return.
To tackle this issue, Standard Chartered Bank India implemented a solution using algorithms to scan structured and unstructured data from internal and external sources.
The solution deploys advanced analytics and visualization techniques to provide users intelligent and timely insights for better decision making. It provides early identification of risk, a 360-degree access to internal and external data, credit-monitoring and also ensures compliance with regulatory guidelines
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