Best Practicies & Success Stories
Wednesday, 18. May 2022., 16:40
This lecture provides a brief overview of the AI application in the banking industry and the critical obstacles for further progress. We discuss the retail lending process in detail due to the significant potential for AI application. We also focus on the issue of data protection and privacy, the new challenges for the broader application of AI-based solutions. We present federated machine learning technology, which offers a theoretical solution to these problems. Finally, we provide a fully implemented example of AI in the retail lending process based on the INOK system.