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Top use cases for artificial intelligence in banking
Analysts estimate a $1 trillion AI opportunity for the industry. No matter how you slice it, it adds up to a monumental opportunity.
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Enjoy up to $1.2 million in annual savings for every 100,000 items your bank sends for forward clearing per day.
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According to the Federal Reserve Bank’s pricing schedule, image-based clearing costs about 5 cents per item less than image return document (IRD)-based clearing. For every 100,000 items your bank sends for forward clearing per day, the savings could be more than $1.2 million per year.
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