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Artificial Intelligence in Banks

IntroductionBanks are exploring new frontiers in modernizing their systems using AI (Artificial Intelligence) . Beyond the obvious, robo-advisors, automated online financial and investment advisers, fraud detection systems, recommendation engines, voice recognition, conversational customer interfacing systems and cloud robotics are improving efficiencies in banks and financial firms. AI has impacted bank’s customer services, operations, risk and compliance,

Adventures of CITA-F Architect: Why and when does IT Architect need to create the business case for IT system?

The current business environment becomes gradually more global, more competitive, innovative, responsive and cost-sensitive. The organizations’ need for IT systems improving their efficiency and effectiveness, bringing innovation and enabling them to achieve competitive advantage constantly grows. Every IT system constitutes significant investment of the organization’s financial and time resources. Therefore, it also increases the demand