AI-Powered Solutions for Financial Services

Enhance efficiency, provide customer-centric experiences, make better data-backed decisions, and improve risk management

Speak to an AI Expert
See Solutions in Action

Fueling Finance:
The Transformative Power of AI

The transformative power of artificial intelligence (AI) is surging through the financial services industry, revolutionizing operations with unrivaled efficiency, cost reduction, and process streamlining. Elevating customer experiences through personalized interactions and real-time support, AI empowers institutions to make data-driven decisions while fortifying security and risk management. With advanced data analytics, valuable insights carve a path to innovation, optimization, and customer-centric success, propelling the industry into an era of unparalleled advancement.

The Power of AI in Financial Services

Enhanced Risk Management

Utilize AI to enhance your risk assessment and management process through data analysis and pattern recognition. Identify potential risks by detecting anomalies, flagging suspicious transactions, and recognizing fraud indicators and money laundering activities, enabling more effective risk mitigation strategies and safeguards.

Advanced Data Analysis

Process and analyze large amounts of data quickly to uncover valuable insights. Make data-driven decisions, identify market trends, optimize investment strategies, and develop predictive models for risk assessment, portfolio management, and fraud detection.

Fraud Detection and Prevention

AI is critical in identifying real-time fraud by analyzing data and detecting patterns that might indicate fraudulent behavior. AI-powered solutions can quickly identify suspicious transactions, flag suspicious activities, and enhance security measures to prevent financial fraud.

Improve Efficiency

Enable the automation and streamlining of processes and repetitive tasks, surpassing human speed and accuracy capabilities. By reducing manual tasks, employees can concentrate on more intricate and value-added activities.

Cost Reduction

Realize substantial cost savings by automating manual processes with AI to reduce reliance on human labor, resulting in operational efficiency and cost reductions. Additionally, AI aids in error reductions and identification of inefficiencies, saving resources that would otherwise be allocated to rectifying mistakes and resolving issues.

Improved Customer Experience

Leverage AI-powered tools such as chatbots and virtual assistants to offer customers 24/7 instant support. By analyzing customer data, organizations can deliver personalized experiences, make informed recommendations, enhance fraud detection measures, and proactively anticipate customer needs.

Trusted by Financial Industry Leaders

ATB Financial Logo

Empowering Innovation in Finance with AI-Powered Tools

As pioneers in adopting this transformative technology, the financial services industry has already embarked on seizing the boundless potential of AI and reaping the rewards of early adoption, including enhanced efficiency, unwavering accuracy, and unparalleled productivity. Financial service providers cannot afford to lag behind in harnessing the power of AI. Explore AltaML’s tailored approach to developing innovative AI-powered solutions for the financial services industry and unlock the benefits of AI now.

Learn about our approach

Transforming Organizations with AI

Through the Applied AI Lab we have been able to rapidly test new ideas that bring us closer to our clients and their specific needs. Our opportunity as a corporate citizen is to continue to raise awareness around the opportunities and challenges we are trying to solve with this technology. 

We are proud to be part of building the next generation of AI/ML talent alongside AltaML in support of Alberta’s future.

Quotes

Dan Semmens

SVP & Head of Data and AI

ATB Financial

At ATB Financial, we strive to provide our customers with expert advice to support them in building their financial future, and this is enabled in part through the creation of world-class, trusted artificial intelligence. 

Quotes

Curtis Stange

President and CEO

ATB Financial

Through the Applied AI Lab we have been able to rapidly test new ideas that bring us closer to our clients and their specific needs. Our opportunity as a corporate citizen is to continue to raise awareness around the opportunities and challenges we are trying to solve with this technology. 

We are proud to be part of building the next generation of AI/ML talent alongside AltaML in support of Alberta’s future.

Quotes

Dan Semmens

SVP & Head of Data and AI

ATB Financial

At ATB Financial, we strive to provide our customers with expert advice to support them in building their financial future, and this is enabled in part through the creation of world-class, trusted artificial intelligence. 

Quotes

Curtis Stange

President and CEO

ATB Financial

AI in Action: Solutions Driving Impact

Product Recommendations

Misused Account Identification
and Recommendations

ALCO Report Prediction

Product Recommendations

Challenge

Partner wanted to identify customers using personal banking products but exhibiting business-like transaction behavior to recommend appropriate business banking products and increase profitability.

Solution

AltaML developed a supervised classification pipeline to predict account types based on transaction behavior features, applying engineering techniques and four models to provide quarterly recommendations.

Impact

$300K

In savings per quarter at 50% adoption rate

Misused Account Identification and Recommendations

Challenge

Partner faced challenges identifying customers using incorrect account types for banking needs leading to regulatory issues, account feature discrepancies, and varying fees.

Solution

Leveraging deposit transaction behavior as features and utilizing dimensionality reductions and tree-based classifiers, AltaML developed a recommendation model and proof-of-concept dashboard to identify misused accounts and provide recommendations accurately.

Impact

150K+

Customers identified to switch, resulting in increased revenue

ALCO Report Prediction

Challenge

Obtaining accurate forecasts of deposit balances for budgeting and financial planning, ensuring liquidity ratios and optimized interest rates through loans.

Solution

After cleaning and analyzing existing data, AltaML created a baseline model for aggregated deposit balance prediction and an advanced model using prophet time series with external regressors for improved accuracy and insights.

Impact

$150K+

In cost savings annually

Embrace the Future of Finance Now with AI

Schedule a discussion with an AltaML expert to explore the benefits and possibilities of AI adoption within your organization today.

Talk to an AI Expert