Conference Quanteam North America : “How AI & Datascience are helping banks”
Artificial intelligence is disrupting many industries, but banking is predicted to benefit the most of it in the coming years.
For this reason, Quanteam North America hosted on April 11th a special conference on Datascience & Intelligence Artificial attended by 20+ students from the MSC Datascience for business of HEC Paris and École Polytechnique.
Lucie XU, Data Scientist & Machine Learning Engineer and Cecile Malinaud, Head of Capital Market Quants from BNP Americas opened the conference presenting how AI and data science can be helpful to solve specific business challenges such as signature recognition, documents understanding. Well-used, Machine Learning and Deep Learning can be very powerful for sales improvement.
As a matter of fact, a growing number of financial institution are now using data to reinforce their security processes.
A concrete demonstration of how BNP Americas is seriously considering data science in their day-to-day business.
Finally, Fabien Legland, Head of Project Management & Innovation and Tanguy Hubert, In-House Counsel at Credit Agricole CIB Americas came up with one of their AI use-case from the legal department and talk about their approach to participative innovation.
This example stressed how AI can have truly positive impact on the people activities in the bank : the tool developed removes repetitive and monotonous tasks, therefore lawyers can focus on more rewarding and higher-value activities.
To bring innovation to the bank, Credit Agricole can rely on its incubator Le Village by CA, an ecosystem where startups and large groups cooperate to innovate together.
The use-case presented by Quanteam clients revealed some of the huge benefits that data science and AI can bring to the banking business.
Accumulating and analyzing useful data, banks can for instance enhance the customer experience, prevent fraud or simplify their process.
To succeed and reach efficiency, banks need to be ready for change : approach to their people, their processes and their data.
It was a great opportunity for Quanteam North America to gather some future talents and banking leaders around very concrete AI initiatives currently running in this industry.
We look forward to hosting many other events to discuss the last major trends driving banking. Stay tuned !