Banks have long utilized AI to enhance their operations, from identifying consumer behavior patterns to predicting market trends. With the arrival of GenAI technologies like ChatGPT, banks were well-positioned to leverage these advanced tools to automate processes, improve decision-making, and stay competitive in a challenging regulatory environment.
Here are some game-changing ways financial institutions are using GenAI:
Streamlining Regulatory Compliance: By automating the examination of complex regulatory documents, banks like Citi are saving time and reducing risks associated with manual analysis.
Faster Financial Guidance: With tools from OpenAI, Morgan Stanley Wealth Management is synthesizing vast amounts of data, enabling financial advisors to access critical information quickly, ultimately improving client service.
Personalized Financial Advice: JPMorgan Chase’s IndexGPT uses GenAI to analyze developing trends, helping advisors recommend tailored investment opportunities based on evolving macroeconomic, geopolitical, or technological themes.
Combating Fraud: GenAI-powered solutions like Mastercard’s Decision Intelligence Pro detect fraudulent transactions in real-time, enhancing security and protecting both banks and customers from financial losses.
Is your organization ready to harness the power of GenAI?
At Brisken, we help financial institutions streamline compliance, automate data processes, and drive operational efficiency. Our suite of Applications, called OnePilot, combine financial data process automation, anomaly checks, governance, and GenAI integration tailored to your data processing needs.
👉 Click here to Contact us to learn how Brisken’s OnePilot can empower your team with the latest in GenAI technology!
