Transform your financial services with AI.


Algomox banking, financial services, and insurance solutions enable banks, insurance companies, and the financial services companies to deliver an excellent customer experience and efficient operations.



BFSI Solutions

For Banking, financial institutions, and the insurance sector, it is a certain amount of artificial intelligence adoption is an essential requisite to get their business to the next level. The key benefit considerations in your AI business case are risk mitigation, cost reduction, and increased revenue through improved customer experience.

AI Transformation Business case & Usecases.

Investing in AI is undoubtedly a winning strategy, as the Financial institutions that embrace AI have an opportunity to generate new business value and better engage with their customers. Financial institutions with stronger digital capabilities will always be better at driving revenue with available resources.


Driving Revenue
Acquire new and prospective customers.
Customer retention and inhibiting churn.
59 %

REVENUE INCREASE

Deposit Campaign Model
Marketing model for bank deposit campaign
Customer Churn Model
Marketing model for predicting customer churn
Customer LTV Segmentation
Model for predicting and segmenting the lifetime value of a customer
Product Recommendation
Improving the cross-selling opportunity through product recommendation
Stock Trading Models
Time series model for stock predictions
Optimal Pricing
Optimizing the insurance premium prices
Virtual sales assistants
Enable the sales team through better sales inputs
Intelligent Speech-to-text
Automated cross-checking of application content

Cost Cutting
Automation to improve accuracy.
Prescriptive models for efficient decision making.
54 %

COST REDUCTION

Regulatory Return Automation
Using Natural Language Generation to automate the regulatory return preparation
Claim Prediction
Predicting the correct claim amount
Buy-side report generation
Automatically generate reports for buy-side investors
Sell-side report generation
Automatically generating the reports for sell-side stock buyers
Intelligent Hiring
Improve the efficiency of the hiring process through automation
Prudent Underwriting
Accelerate the underwriting process very effectively
Digital Invoicing
Automating the billing process including payout
AIOps
Managing your IT operations with AI

Risk Mitigation
No bias - Data and algorithm driven models.
Better risk insights and prediction.
60 %

BETTER RISK MANAGEMENT

Anti Money Laundering
Model for detecting money laundering activities
Credit Risk Analysis
Predicting the credit score and analyzing the credit risk
Loan Default Prediction
Model for predicting loan default
Fraud Identification
Model for Identifying fraudulent transactions
Trade failure prediction
Manage your trade settlement process and failures
Currency Note Authentication
Automatically spot the fake notes
ATM Surveillance
Check ATM activities through video analytics
Cybersecurity
Protect your IT environment with advanced threat hunting models.

Customer Experience
Faster and easier customer onboarding.
Improved customer satisfaction scores.
40 %

FASTER RESPONSE

Credit Card Approval
Automated process of credit card application processing and approval
E-KYC and Compliance
Model for complying with regulatory norms and E-KYC
Insurance claim approval
Automated analysis and approval of insurance claim
Vehicle Damage Detection
Assess vehicle damage for insurance claim
Grievances Management
Classify and prioritize customer grievances
Customer Sentiment Analysis
Decode customer sentiments based on voice calls
Multilingual digital onboarding
Improve the customer experience through the onboarding
Robo Advisors
Scaleout with automated investment management service

Looking for an anti money laundering solution?

We have used machine learning to identify money laundering and automate reporting.