Solutions - Banking and Financial Services
Pivot Cloud Platform provides the following features for the Finance sector with no disruption to existing systems. Sample Use-Cases for Our Platform
AI driven processing power allows vast amounts of data to be handled in a short time, and cognitive computing helps to manage both structured and unstructured data, a task that would take far too much time for a human to do. Algorithms analyse the history of risk cases and identify early signs of potential future issues.
Analysing real-time activities in any given market enables accurate predictions and detailed forecasts vital to business planning.
AI is especially effective at preventing credit/debit card fraud, which has been growing exponentially in recent years due to the increase of e-commerce and online transactions.
Our Software Platform with in-built cyber security protects against fraudulent access to enterprise websites, cyber attacks in realtime and provides increased transactional and account security.
With our AI driven Platform, it’s possible to automate processes to manage tasks like understanding new rules and regulations or creating personalised financial reports for individuals.
With built-in AI it can understand complex regulations and provide research in seconds.
Wealth managers can use our platform to generate more in-depth and accurate status reports for their clients quicker, which allows them to provide individualised advice to more clients.
Our AI allows bankers to make loan decisions in seconds, not months, assessing risks and spending patterns, including payment history of rent and utilities. By automating the decision making process, bankers can reduce their risk of default loans.
Employing robotic process automation for high-frequency repetitive tasks eliminates human error and allows a financial institution to refocus workforce efforts on processes that require human involvement. Ernst & Young has reported a 50%-70% cost reduction for these kinds of tasks. In addition research shows a consequential increase in staff productivity, satisfaction and retention.