AI-powered fraud detection systems can analyze customer buying habits, behavior, location, and send alerts if some activity seems fishy or goes out of order. AI has been very effective in preventing fraud related to credit cards in online transactions.

Risk Management
Financial risk management has become critical in today’s digital era. AI can process vast amounts of data in record time and analyze and identify potential risks. With advances in cognitive computing, both structured and unstructured data can be managed easily.

Trading
Trading systems driven by AI can monitor data in real-time and enable faster decision-making and transactions. Stock performance predictions are pretty accurate using AI. Based on an investor’s short-term and long-term goals, AI can give recommendations for the strongest portfolios.
Over the years, the product portfolio of telcos was centered around core offerings such as Calls, SMS, and Data (2G and 3G). However, with 4G coming into the picture, telcos could make their portfolio more attractive by introducing high-speed streaming services. The perfect example of this is India’s Reliance Jio. A relatively new player in the telecom industry, Jio brought about a complete revolution by making calls completely free and focusing only on 4G data. In addition to this, Jio tied up with various OTT players to provide its own entertainment and media consumption platforms.

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