Neural Network: How it works and its industry use cases

Neural networks are a series of algorithms that mimic the operations of a human brain to recognize relationships between vast amounts of data. They are used in a variety of applications in financial services, from forecasting and marketing research to fraud detection and risk assessment. A neural network has many layers. Each layer performs a specific function, and the complex the network is, the more the layers are. That's why a neural network is also called a multi-layer perceptron.