Tapping into Technology that Goes Beyond Compliance

Unlocking the potential of AI for risk solutionsUnlocking the potential of AI for risk solutions

In recent years, the banking sector has been buffeted by financial and other penalties in relation to money laundering, fraud, mistreatment of customers, and market misconduct. Managing the tsunami of new regulatory challenges unleashed since the 2008 crisis requires a fresh approach above and beyond legacy solutions. Enter AI-driven RegTech, the emerging technology with the powerful potential to both address regulatory challenges and stimulate innovative digital transformation. It offers new ways to boost the effectiveness of regulatory compliance bringing more workflow control, greater transparency, better data quality, and significant cost reductions.

Download the report to learn about:

  • What the AI-driven RegTech is and its advantages
  • Cost savings linked to replacing legacy systems with RegTech
  • Drivers of RegTech growth

AI-led Transformation in the Banking and Financial Services Industry

AI-led Transformation in the Banking and Financial Services IndustryOrganizations are embracing artificial intelligence (AI) faster than ever because of its vast potential and capabilities. Recent research predicts that AI will represent $1 trillion in projected cost savings for the banking and financial services industry. The technology, along with the abundance of data, already transforms the way Financial Institutions conduct their business. With digital transformation and customer experience as the top most priority, Financial Institutions are now banking on AI to augment human power and deliver next-generation services to their customers.

Download the report to learn about:

  • AI influence in the banking and financial services industry
  • AI application areas in the banking sector
  • AI implementation challenges and readiness assessment
  • Real-world AI/ML use cases

Learn more about Virtusa’s innovative AI solutions