AI and Automation Transforming the Financial Industry

How are you leveraging AI technology for customer finance offerings? We are in the process of implementing AI in our organization and have recently taken a few steps to commence the journey. In the first stage, we are trying to master the usage of data that has been accumulated over the last 10-11 years of our existence. We are trying to develop hypothesis/algorithms on which we can do machine learning to solve specific problem statement based on historical data. We have attempted small PoCs in the space of fraud management where we would like to use the available data and see the past trends of detected frauds to stop a repeat incidence.