- Credit Scoring and Loan Processing:
Futurism has also implemented AI-based credit scoring systems that use AI/ML algorithms to assess the creditworthiness of loan applicants. These systems take into account a wide range of factors, such as income, credit history, and employment status, enabling banks to make more accurate and unbiased decisions about loan approvals. As a result, the loan processing time has been significantly reduced, leading to faster disbursal and increased customer satisfaction.
Futurism’s AI-advisory platforms use AI to provide personalized financial advice to customers based on their financial goals, risk appetite, and investment preferences. By automating the process of portfolio management and offering tailored recommendations, AI-advisor has made wealth management more accessible and cost-effective for a wider range of customers.
Futurism’s AI-driven solutions have had a profound impact on the bank. Some of the key benefits include: