Top Three Applications Of Machine Learning In Finance - Strategic Systems International

The potential of computer programs to learn self-reliantly and improve progressively unfolds new opportunities for all industries. The significance of machine learning technology in the financial industry has become seemingly more evident in recent times. Let's look into applications of ML in finance; why financial companies should apply machine learning technology and the solutions they can implement with it. Clients' protection against fraudulent activities is the primary responsibility of every financial institution. For every dollar lost to fraud, financial institutions pay $2.92 in recovery and associated cost.