Enterprise AI for Financial Services

 

C3 AI Applications for Financial Services

The C3 AI Suite and the set of C3 AI Financial Services Applications enable banks and financial services companies to rapidly address the business problem at hand. Built with a model-driven architecture, the C3 AI Suite enables organizations to develop enterprise AI applications 25 times faster than alternative methods, with 95% less code to write, test, and maintain. Each C3 AI Application has been proven at-scale and provides a way to rapidly deliver substantial value to your business.

Industry Problem

Enforcement actions and penalties for non-compliance with AML regulations are on the rise. Banks are saddled with increasingly higher costs for transaction monitoring or facing the risks of hefty fines. At the same time bad actors are employing an increasingly diverse set of strategies to stay ahead of regulators and compliance departments. Current rules-based AML software creates a slew of cases that require extensive and manual investigation by compliance officers.

C3 AI Solutions

  • AI-based early warning
  • AI-based AML risk detection
  • 360-degree customer view
  • AI recommendations and interpretability
  • Flexible and configurable dashboards
  • End-to-end AI lifecycle management

Industry Problem

Daily balance volatility makes it difficult to distinguish normal cash withdrawals from signals of customer dissatisfaction and impending churn. Relationship managers are too inundated to closely monitor activity and prevent attrition. Reactive actions often involve reducing fee or rate changes, which lower profitability while often proving ineffective.

C3 AI Solutions

  • AI-based balance attrition prediction
  • 360-degree customer view
  • Early warning signals
  • Balance forecasting and anomaly detection
  • Rate sensitivity and price optimization
  • Explainable AI recommendations and interpretability

Industry Problem

A bank’s clients make hundreds of thousands of inquiries every day regarding available securities inventory for short selling. The bank has to rapidly respond to these inquiries despite high uncertainty regarding pending demand and securities supply. The traditional rules-based software manual reviews typically used by banks routinely reject tens of thousands of highly profitable and executable opportunities. In addition to poor use of securities inventory that could have been lent out, banks also often miss pricing opportunities for high-demand securities.

C3 AI Solutions

  • AI-based demand forecasts for securities
  • Duration predictions for each security
  • Price optimization
  • Re-rate risk management
  • Recall risk management

Industry Problem

Commercial lending processes can get bogged down by complexity, lengthy credit reviews, and analyzing thousands of fields of information. Credit officers need to navigate disparate systems, iterate with relationship managers and credit analysts on credit structure and conditions, and request additional information before making a final decision. Often, the average time-to-decision is measured in weeks.

C3 AI Solutions

  • Approval likelihood simulation of each credit deal
  • Streamlined credit decisions with advanced AI
  • Credit risk mitigation prior to default events
  • High-value up-sell and cross-sell opportunities
  • Unified view of customer data

Industry Problem

Data siloed in disparate data systems leads to a fragmented view of the customer. Current CRM systems are often implemented as systems of record and incapable of producing accurate predictions about opportunity outcomes, customer preferences, and likely responses to customer offers.

C3 AI Solutions

  • Precision Revenue Forecasting
  • AI-based customer churn management
  • AI-driven next best offer
  • Rate, fee, and pricing optimization
  • Client profitability management

C3 AI Suite
C3 AI Suite

Want to build a custom application?

In addition to the pre-built SaaS applications offered by C3 AI, banks can also license the C3 AI Suite to build their own custom AI-enabled applications. The C3 AI Suite is a purpose-built platform for developing, deploying, and operating Enterprise AI applications that address company-specific use cases. It offers a cohesive, low-code/no-code development environment with a complete and comprehensive set of tools and services to unify enterprise and extraprise data, build/deploy AI/ML models, and rapidly develop custom applications.

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