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Transforming finance using AI for precision, speed and personalization

See how the real-world application of AI is setting new standards in transaction security and customer interactions in the financial services industry.

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AI is a game-changer in financial services

AI is revolutionizing the financial sector by enhancing fraud detection, expediting credit risk assessments and powering advanced chatbots that can deliver high-quality customer service. With its unparalleled data processing capabilities, AI is being used to deliver personalized banking experiences and enable smarter strategic decisions. Embrace the transformative power of AI and set new benchmarks in efficiency and customer engagement.

  • Improve fraud detection

    AI-driven fraud detection systems utilize machine learning algorithms to analyze patterns and detect anomalous transactions in real-time. Through their adoption of these systems, financial institutions can significantly reduce the incidence of fraudulent activities, protect their customers and minimize financial losses.

  • Enhance customer service

    AI enhances customer service in the financial sector by deploying intelligent chatbots and virtual assistants. These AI solutions provide around-the-clock customer support, respond to inquiries efficiently, and deliver personalized assistance, helping to improve both customer satisfaction and customer engagement.

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Basware leverages AI to simplify coding of proprietary ETL language and boost efficiency on AWS

This global AP automation company is experimenting with AI to transform its
invoicing platform and optimize onboarding.

Basware partnered with Rackspace to develop an AI-driven application, leveraging FAIR on AWS to train an AI language model to autonomously generate integration code in Basware’s
proprietary XML syntax. Basware achieved a significant increase in accuracy, rising from 60% to 90%, paving the way for rapid scalability and enhanced customer value delivery. 

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Leading Middle Eastern finance firm improves fraud resolution

A leading Middle Eastern financial institution needed an AI-driven platform that could identify and resolve potential AML-flagged transactions. While the bank used rules to flag possible fraud and AML transactions, the validation process was manual and time-consuming. By leveraging a generative AI solution from FAIR, investigators can confirm fraud and create reports for regulators 60% faster than before.

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World’s largest asset manager accelerates operations with AI-driven governance

The world’s largest asset manager faced the challenge of establishing AI governance and accelerating the adoption of responsible AI. By partnering with FAIR, the company deployed an AI operating model and governance structure. This initiative accelerated the selection, incubation and industrialization of AI use cases, enhancing operational efficiency and the organization’s ability to innovate.

FAIR AI Customer Use Case Anthology

AI in action: industry-changing success stories

Uncover how AI is driving transformation across sectors in the FAIR AI Customer Use Case Anthology. See real-world impacts and the value delivered to our customers.

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Ready to start the conversation?

FAIR can launch quickly because we already have a global, world-class infrastructure and hyperscaler partners that can deliver optimized AI solutions to customers around the world. No matter where you are in the adoption of generative AI, we can help. Reach out today.

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