{"id":98125,"date":"2025-01-13T17:31:00","date_gmt":"2025-01-13T22:31:00","guid":{"rendered":"https:\/\/innowise-group.inno.ws\/?page_id=98125"},"modified":"2025-12-18T05:57:39","modified_gmt":"2025-12-18T10:57:39","slug":"ai-and-ml-in-banking-and-finance","status":"publish","type":"post","link":"https:\/\/innowise.com\/sv\/blog\/ai-and-ml-in-banking-and-finance\/","title":{"rendered":"Hur maskininl\u00e4rning och artificiell intelligens anv\u00e4nds i bank och finans"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"98125\" class=\"elementor elementor-98125\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6733c6 main-block elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6733c6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-5af7f03c\" data-id=\"5af7f03c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-40f647f9 elementor-widget elementor-widget-html\" data-id=\"40f647f9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"breadcrumbs flex\">\n    <div class=\"info\"> \n    <a href=\"https:\/\/innowise.com\/\">\n  Main\n  <\/a>\n    <\/div>\n    <div class=\"info\">\n         <a href=\"https:\/\/innowise.com\/about-us\/\">\n  About us\n  <\/a>\n    <\/div>\n     <div class=\"info\">\n          <a href=\"https:\/\/innowise.com\/blog\/\">\n  Blog\n  <\/a>\n    <\/div>\n<\/div>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\/\", \n  \"@type\": \"BreadcrumbList\", \n  \"itemListElement\": [{\n    \"@type\": \"ListItem\", \n    \"position\": 1, \n    \"name\": \"7 reasons Java is perfect for enterprise software development\",\n    \"item\": \"https:\/\/innowise.com\/blog\/java-for-enterprise-applications\/\"  \n  },{\n    \"@type\": \"ListItem\", \n    \"position\": 2, \n    \"name\": \"Blog\",\n    \"item\": \"https:\/\/innowise.com\/blog\/\"  \n  },{\n    \"@type\": \"ListItem\", \n    \"position\": 3, \n    \"name\": \"Name\",\n    \"item\": \"https:\/\/innowise.com\/\"  \n  }]\n}\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78d33ae9 elementor-widget elementor-widget-html\" data-id=\"78d33ae9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"article-info flex\">\n    <div class=\"info\"> \n    5 min read\n    <\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f444666 elementor-widget elementor-widget-text-editor\" data-id=\"4f444666\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1 class=\"title-tinder\"><span style=\"font-weight: 400; color: #ffffff;\">How machine learning and artificial intelligence are used in banking and finance<\/span><\/h1>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2abf81ad elementor-widget elementor-widget-shortcode\" data-id=\"2abf81ad\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">[display_tags]<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-114bbf89 button-tinder elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"114bbf89\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-163b650f article-description elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"163b650f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b381776 author-article\" data-id=\"b381776\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4fd559d0 elementor-widget elementor-widget-text-editor\" data-id=\"4fd559d0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Over the course of the past decade, <a href=\"https:\/\/innowise.com\/services\/ai-development\/\">artificial intelligence<\/a> has evolved from a far-off concept to a powerful force bringing huge financial gains to businesses across every industry imaginable. Tech enthusiasts and skeptics alike recognize AI\u2019s enormous potential thanks to its disruptive capabilities. From helping fashion brands create the<a href=\"https:\/\/innowise.com\/blog\/fintech-trends\/\"> latest trends<\/a> to outperforming doctors in early cancer detection and helping financial organizations make better-informed decisions, AI is able to span multiple spheres long regarded as exclusively human domains.<br \/><span style=\"font-weight: 400;\">When it comes to AI and machine learning in banking, <a href=\"https:\/\/www.businessinsider.com\/ai-in-banking-report?IR=T\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Business Insider reports<\/span><\/a><span style=\"font-weight: 400;\"> that nearly 80% of FinTech organizations recognize how beneficial AI is for their operations. According to Business Insider, approximately 75% of companies with assets exceeding $100 billion are already implementing AI strategies into their daily practices, with <\/span><a href=\"https:\/\/www.businessinsider.in\/finance\/news\/the-impact-of-artificial-intelligence-in-the-banking-sector-how-ai-is-being-used-in-2020\/articleshow\/72860899.cms\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">another report<\/span><\/a><span style=\"font-weight: 400;\"> suggesting that banks and other financial institutions are set to see savings of up to $447 billion thanks to AI-driven apps.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-494d237 author-article-title elementor-widget elementor-widget-text-editor\" data-id=\"494d237\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Applications of AI in banking and finance<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b10734b elementor-widget elementor-widget-text-editor\" data-id=\"b10734b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">AI has woven itself into the daily fabric of our lives &#8211; transforming industries in ways we could only imagine a few years ago. Denying its importance would be shortsighted: the banking and finance sector in particular has seen huge change thanks to FinTech innovations, bringing a host of benefits to both stakeholders and customers alike.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cac4753 elementor-widget elementor-widget-image\" data-id=\"cac4753\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"680\" src=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-1-5.png\" class=\"attachment-large size-large wp-image-98141\" alt=\"AI in banking\" srcset=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-1-5.png 1000w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-1-5-300x255.png 300w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-1-5-768x653.png 768w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-1-5-14x12.png 14w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae555ac elementor-widget elementor-widget-text-editor\" data-id=\"ae555ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Cybersecurity and fraud detection<\/h3>\n<span style=\"font-weight: 400;\">Every day, millions of transactions flow through the banking system: people pay bills, deposit money, withdraw funds, cash checks, and more. Behind the scenes, banks are in a constant race to stay ahead of cybercriminals &#8211; ramping up their security efforts to protect operations and assets and to stop fraudulent activities before they even have a chance to happen.<\/span>\n\n<span style=\"font-weight: 400;\">AI is now a key player in this high-stakes game. Banks can use the potential of artificial intelligence to improve digital payments, detect software vulnerabilities, identify suspicious customer behavior all while reducing the risk of scams. Machine learning &#8211; a subset of AI &#8211; helps detect and prevent illegal actions like email phishing, credit card and mobile fraud, identity theft, and fake insurance claims.<\/span>\n\n<span style=\"font-weight: 400;\">Take Denmark\u2019s Danske Bank, which recently updated its obsolete fraud detection software with modern AI algorithms. Thanks to ML\u2019s ability to analyze past transactions (think personal information, data, IP address, location, and so on), the bank saw a 50% increase in fraud detection accuracy and a 60% reduction in false positives. As banks are prime targets for hackers, the widespread adoption of ML and AI is crucial. These technologies help financial organizations respond quickly to digital threats, strengthening their defenses against cyberattacks before they compromise internal systems, employees, or customers.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e76114 elementor-widget elementor-widget-text-editor\" data-id=\"7e76114\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Chatbots<\/h3>\n<span style=\"font-weight: 400;\">Using chatbots in banking is one of the more straightforward examples of AI implementation. Once deployed, they\u2019ll stay available around the clock, unlike human staff with fixed schedules and the need for regular breaks. Chatbots don\u2019t just respond with one-size-fits-all answers to queries: they learn from customer interactions, building up a body of knowledge that lets them predict user needs and tailor their responses accordingly. By integrating AI-powered chatbots into banking apps, managers can be sure that their clients receive personalized customer support 24\/7, with products and services customized to individual needs.<\/span>\n\n<span style=\"font-weight: 400;\">An example of a successful chatbot can be seen in the form of Erica: an AI-powered virtual assistant from the Bank of America. Since 2019, Erica has handled over 50 million customer requests &#8211; from helping clients reduce their credit card debt to updating card security.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dee844 elementor-widget elementor-widget-text-editor\" data-id=\"3dee844\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Loan and credit decisions<\/h3>\n<span style=\"font-weight: 400;\">Banks today are employing a wide range of intelligent tools to improve the accuracy, precision and profitability of their loan and credit decisions. Conventional banking software often falls short, plagued by errors, inaccuracies in transaction histories, and misclassifications of creditors. Financial organizations need to closely monitor credit histories and client references when extending credit and evaluating the solvency of individuals or companies. AI-based systems analyze customer behavior patterns to make data-driven decisions concerning creditworthiness, promptly alerting banks to any suspicious or risky activities.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f6f3d1 elementor-widget elementor-widget-text-editor\" data-id=\"2f6f3d1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Tracking market trends<\/h3>\n<a href=\"https:\/\/innowise.com\/blog\/generative-ai-in-banking\/\" target=\"_blank\" rel=\"noopener\">Artificial intelligence in banking<\/a> helps companies make sense of vast amounts of data to identify market trends, stocks, and currencies. Machine learning algorithms delve into market sentiment and offer investment suggestions, giving finance specialists the opportunity to use AI to make better-informed decisions. With AI, stock investments become smarter and the risks lower &#8211; leading to more predictable and profitable trading.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef3f1f0 elementor-widget elementor-widget-text-editor\" data-id=\"ef3f1f0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Customer experience<\/h3>\n<span style=\"font-weight: 400;\">Customers have come to expect an intuitive, no-fuss user experience when managing their banking apps. Gone are the days when visiting a bank branch was necessary for simple transactions like deposits and withdrawals, thanks to the convenience of ATMs.<\/span>\n\n<span style=\"font-weight: 400;\">Nowadays &#8211; with a more tech-savvy population &#8211; banks need to continuously innovate to provide quick and secure digital payment solutions. AI helps to reduce the time needed to record KYC information and eradicate errors, streamlines fast product time-to-market, and proactively addresses pre-launch issues before they arise.<\/span>\n\n<span style=\"font-weight: 400;\">If that wasn\u2019t enough, applying for a personal loan has never been easier. Customers no longer need to go through the hassle of manual applications: AI and ML in FinTech slash approval times, capturing precise and error-free data concerning customer accounts.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c922a3 elementor-widget elementor-widget-text-editor\" data-id=\"1c922a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Risk management<\/h3>\n<span style=\"font-weight: 400;\">Currency swings, political upheavals, natural disasters, and armed conflicts can all send shockwaves through the financial and banking systems. During turbulent times, making wise investment decisions is crucial to stay afloat and avoid financial losses. This is whereAI comes into play:- by providing a useful overview of current events, forecasting future trends and predicting what lies ahead, AI helps investors navigate uncertain waters with confidence. AI also can help to determine whether or not a client will be able to repay a loan by analyzing behavioral patterns, credit history, and available personal data.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2542740 elementor-widget elementor-widget-text-editor\" data-id=\"2542740\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Regulatory compliance<\/h3>\n<span style=\"font-weight: 400;\">FinTech stands out as one of the most heavily regulated sectors in the global economy. Governments play a big role as the primary watchdogs &#8211; monitoring and overseeing banks to prevent financial crimes, money laundering, and tax evasion.<\/span>\n\n<span style=\"font-weight: 400;\">Legal requirements and standards shift frequently &#8211; meaning banks need to maintain well-informed, agile departments dedicated to researching and implementing ever-changing financial legislation. When done manually, this process is both time-consuming and costly. Enter AI: using the power of deep learning and NLP), AI systems can quickly analyze new regulations and assess compliance requirements, making sure organizations meet all external laws as well as internal policies. While AI isn\u2019t a substitute for a skilled human compliance analyst, it can pinpoint critical or ambiguous aspects of regulation and safeguard the company against legislative risks.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd32c30 elementor-widget elementor-widget-text-editor\" data-id=\"fd32c30\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Predictive analytics<\/h3>\n<span style=\"font-weight: 400;\">Using AI for predictive analytics is a little like having a highly intuitive assistant that can pinpoint trends and correlations that humans or conventional tech often overlook. AI is widely used in natural language analysis and general-purpose semantics, thanks to its ability to quickly detect specific patterns and data correlations. This is a gamechanger for the banking sector: predictive analytics help financial institutions define untapped sales opportunities, deliver data-driven metrics, and reveal industry-specific insights that can significantly boost revenue.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe7eef6 elementor-widget elementor-widget-text-editor\" data-id=\"fe7eef6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Anti-money laundering<\/h3>\n<span style=\"font-weight: 400;\">As criminals get craftier in their attempts to trick the system, it\u2019s never been more important for banks to keep an eye on emerging technologies to stay one step ahead of scammers. Traditional AML systems &#8211; often bogged down with outdated rules and thresholds &#8211; have a tendency to produce unreliable results, triggering false alarms and missing real threats. This is where AI steps in, diving into massive datasets to spot unusual transactions and suspicious activities with pinpoint accuracy.<\/span>\n\n<span style=\"font-weight: 400;\">For example: the UK\u2019s Financial Conduct Authority (FCA) presented a report on the use of AI in financial services in 2022. Their report urged the <a href=\"https:\/\/innowise.com\/industries\/finance\/\">FinTech sector<\/a> to \u201cmonitor and support the safe adoption of AI in financial services to combat money laundering\u201d &#8211; underscoring the huge level of importance of using AI to strengthen defenses against increasingly sophisticated financial crimes.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa5b65e elementor-widget elementor-widget-text-editor\" data-id=\"aa5b65e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Process automation<\/h3>\n<span style=\"font-weight: 400;\">FinTech is a dynamic and ever-evolving field that requires a high level of accuracy &#8211; which is why many of the time-consuming and tedious tasks are handed over to automation. Humans aren\u2019t perfect, and they\u2019re often prone to errors thanks to fatigue or oversight. <a href=\"https:\/\/innowise.com\/services\/rpa\/\" target=\"_blank\" rel=\"noopener\">Robotic process automation (RPA)<\/a> boosts operational efficiency while also freeing up decision-makers to focus on core objectives and strategic goals that specifically require human involvement.<\/span>\n\n<span style=\"font-weight: 400;\">Take JPMorgan Chase\u2019s CoiN platform: by successfully leveraging RPA to review documents and extract essential data, the business was able to turn mountains of unstructured information into actionable insights.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01d6035 elementor-widget elementor-widget-text-editor\" data-id=\"01d6035\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-weight: 400;\">Why should the banking sector embrace AI?<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fc69ae elementor-widget elementor-widget-text-editor\" data-id=\"8fc69ae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">The banking world is shifting rapidly toward customer-centric models that aim to meet every client\u2019s wants, needs, and expectations. Today\u2019s customers want their banks to be available 24\/7, offering innovative tools and features that make their banking experience hassle-free. To meet these expectations, banks must first tackle internal challenges, such as legacy software systems, fragmented data silos, limited budgets, and subpar asset quality. Once these obstacles are bypassed, banks are one step closer to embracing AI for their everyday problems.<\/span>\n\n<span style=\"font-weight: 400;\">AI doesn\u2019t just ensure unmatched cybersecurity: it also makes financial services more convenient and time-saving for both clients and employees.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b91f89 elementor-widget elementor-widget-image\" data-id=\"1b91f89\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"680\" src=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-2-5.png\" class=\"attachment-large size-large wp-image-98142\" alt=\"machine learning in finance\" srcset=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-2-5.png 1000w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-2-5-300x255.png 300w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-2-5-768x653.png 768w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/pic-2-5-14x12.png 14w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eff73b4 elementor-widget elementor-widget-html\" data-id=\"4eff73b4\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"thank-rating\">\n    Thank you for rating!\n<\/div>\n<div class=\"thank-comment\">\n    Thank you for comment!\n<\/div>\n<script src=\"\/wp-content\/themes\/hello-elementor\/assets\/js\/blog\/rating-star.js\"><\/script>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bb11db4 elementor-widget elementor-widget-html\" data-id=\"4bb11db4\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script src=\"\/wp-content\/themes\/hello-elementor\/assets\/js\/blog\/rating-star.js\"><\/script>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2263059 elementor-widget elementor-widget-text-editor\" data-id=\"2263059\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-weight: 400;\">Challenges in the wider adoption of AI in finance and banking<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a263bb elementor-widget elementor-widget-text-editor\" data-id=\"4a263bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">It goes without saying that AI comes with a package of countless benefits &#8211; but its widespread adoption is hindered by various issues such as credibility gaps and security risks that loom large. A holistic strategy and comprehensive approach to AI and machine learning in finance can significantly decrease these risks, increasing the likelihood of success and the financial gains that come with it. As decision-makers navigate the exciting world of AI in finance, they might encounter a number of common obstacles, outlined as follows.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-133e4c9 e-flex e-con-boxed e-con e-parent\" data-id=\"133e4c9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2debebe cta-text elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2debebe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"bold-text\">Not sure if your bank\u2019s software systems are prepared to embrace AI?<\/p>\n<p class=\"text\">Engage with the AI consulting team and transform your business for success.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9580bd5 elementor-align-center cta-btn elementor-widget elementor-widget-button\" data-id=\"9580bd5\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#contact-form\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Explore AI applications<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a863958 elementor-widget elementor-widget-text-editor\" data-id=\"a863958\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Data security<\/h3>\n<span style=\"font-weight: 400;\">AI collects, stores, and handles huge amounts of sensitive personal information &#8211; meaning that it\u2019s imperative for financial institutions to establish protection measures to prevent data breaches and unauthorized access. Banks should prioritize ironclad data protection systems when handling large volumes of AI-related information in order to eliminate any risks and to keep confidential information secure.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a14a648 elementor-widget elementor-widget-text-editor\" data-id=\"a14a648\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Lack of quality data<\/h3>\n<span style=\"font-weight: 400;\">Insufficient data quality poses a big challenge for FinTech companies. Without well-organized data, applying insights to real-life situations is close to impossible if it doesn\u2019t correspond to current realities. Additionally, data that differs from the machine-readable format can lead to unpredictable behaviors in AI models.Banks looking to adopt artificial intelligence should modify &#8211; and, if necessary, overhaul &#8211; their data policies and introduce more order in data flows.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d388f3b elementor-widget elementor-widget-image\" data-id=\"d388f3b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"680\" src=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/Pic-3-3.png\" class=\"attachment-large size-large wp-image-98143\" alt=\"AI in finance and banking\" srcset=\"https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/Pic-3-3.png 1000w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/Pic-3-3-300x255.png 300w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/Pic-3-3-768x653.png 768w, https:\/\/innowise.com\/wp-content\/uploads\/2023\/01\/Pic-3-3-14x12.png 14w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b52541 elementor-widget elementor-widget-text-editor\" data-id=\"7b52541\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Explainability issues<\/h3>\n<span style=\"font-weight: 400;\">Since AI-based software weeds out mistakes and save time, they are widely employed in decision-making procedures. Unfortunately, they may have biases derived from previous human judgment errors. This can mean that the bank\u2019s reputation might be at risk if minor discrepancies in AI escalate and cause large-scale problems. All data involved in AI scenarios should be clear and transparent, leaving no space at all for potential discrepancies.<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87e7b05 author-article-title elementor-widget elementor-widget-text-editor\" data-id=\"87e7b05\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-weight: 400;\">How Innowise can accelerate your AI journey<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0ab985 elementor-widget elementor-widget-text-editor\" data-id=\"d0ab985\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">For almost two decades, Innowise has been at the forefront of pioneering technologies that elevate businesses to new heights. We take full advantage of the power of artificial intelligence, delivering advanced solutions including but not limited to voice assistants, NLP-enabled content analysts, customer behavior analysis, <a href=\"https:\/\/innowise.com\/blog\/financial-fraud-detection-software\/\">fraud detection software<\/a>, and much more. With our support and expertise, your organization gains access to the tools that guarantee the safety of your financial assets &#8211; resulting in unparalleled security and convenience for both you and your customers.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a6c52f4 elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"a6c52f4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-74ff121 elementor-widget elementor-widget-shortcode\" data-id=\"74ff121\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">[post_share]<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1966653 table-content-container\" data-id=\"1966653\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb29af8 author-wrapper e-flex e-con-boxed e-con e-parent\" data-id=\"cb29af8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dc64221 elementor-widget elementor-widget-html\" data-id=\"dc64221\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"author-wrap\">\r\n      <div class=\"author-info\">\r\n        <img loading=\"lazy\" decoding=\"async\"\r\n        class=\"author-info__img\"\r\n          src=\"\/wp-content\/uploads\/2024\/01\/Property-1Denis-Yarosh.png\"\r\n          width=\"50\"\r\n          height=\"50\"\r\n          alt=\"author\"\r\n        \/>\r\n        <div class=\"author-info__personal-data\">\r\n          <a class=\"author-info__personal-data__name\" href=\"https:\/\/innowise.com\/authors\/denis-yarosh\/\">\r\n            Denis Yarosh\r\n          <\/a>\r\n          <span class=\"author-info__role\">Account Manager in FinTech<\/span>\r\n        <\/div>\r\n      <\/div>\r\n      <div class=\"author-gray-line\"><\/div>\r\n      <div class=\"author-date-publish\">\r\n        <span>Date:<\/span> <span>Jan  13, 2025<\/span>\r\n      <\/div>\r\n    <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-section elementor-inner-section elementor-element elementor-element-bc3c955 elementor-section-full_width table-of-contents__sticky-container stickyWrapper72 elementor-section-height-default elementor-section-height-default\" data-id=\"bc3c955\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-d8cd157 author-block\" data-id=\"d8cd157\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94fa0be ddcv elementor-widget elementor-widget-html\" data-id=\"94fa0be\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n\r\n.article-description > .e-con-inner{\r\n     align-items: baseline !important;\r\n}\r\n\r\n.stickyWrapper72{\r\n    position: sticky;\r\n    top: 72px;\r\n    bottom: auto;   \r\n}  \r\n\r\n<\/style>\r\n\r\n<script>\r\ndocument.addEventListener(\"DOMContentLoaded\", ()=>{\r\n        \r\nconst headerElement = document.querySelector(\".new-menu\");\r\n\r\nconst stickyElement = document.querySelector(\".stickyWrapper72\");\r\n\r\nconst headerElementH = headerElement.clientHeight;\r\n\r\n\r\nstickyElement.style.top =  headerElementH + 60 + \"px\";\r\n        \r\n});\r\n<\/script>\r\n\r\n<!--NOTE Change data-id in wrapper styles for hide this block on the mobile device screen-->\r\n<div class=\"toc-wrapper\">\r\n  <h4 class=\"toc-title\">Table of contents<\/h4>\r\n  <div class=\"toc toc-2\"><\/div>\r\n<\/div>\r\n\r\n<script>\r\n  \/\/NOTE Add the value from h2 as the key and the text you want to display as the key value in LINKS variable:\r\n  \/\/   const LINKS = {\r\n  \/\/       \"The demand for retail digital transformation\": \"The demand\"\r\n  \/\/   }\r\n\r\n  const LINKS = {\r\n    \"Unleashing the power of .NET 8\": \"gggggg\",\r\n    \"Revamping legacy systems: unlocking business potential through software modernization\":\r\n      \"hello\",\r\n  };\r\n\r\n  const OFFSET = 70;\r\n   const PADDING_BOTTOM_FOR_SCROLL = 100;\r\n  let headerList = 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=\r\n        !headerId || headerId === \"\"\r\n          ? headerText\r\n              .toLowerCase()\r\n              .replace(\/[^\\w ]+\/g, \"\")\r\n              .replace(\/ +\/g, \"-\")\r\n          : headerId;\r\n          \r\n         \r\n\r\n      const newListItem = document.createElement(\"li\");\r\n      const newLink = document.createElement(\"a\");\r\n      newLink.setAttribute(\"href\", \"#\" + idFromText);\r\n      newLink.textContent = LINKS[headerText] || headerText;\r\n\r\n      newLink.addEventListener(\"click\", (e) => {\r\n          \r\n        e.preventDefault();\r\n        const y =\r\n          header.getBoundingClientRect().top +\r\n          window.pageYOffset -\r\n          PADDING_BOTTOM_FOR_SCROLL -\r\n          OFFSET;\r\n          ticking = true; \r\n        window.scrollTo({ top: y, behavior: \"smooth\" });\r\n        \r\n        setTimeout(()=>{\r\n            ticking = false;\r\n        },500);\r\n        \r\n      });\r\n      \r\n\r\n      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img.src = src;\r\n    }\r\n  };\r\n\r\n  loadAllImages();\r\n  \r\n  \r\n  \r\n\r\n\r\n  document.addEventListener(\"DOMContentLoaded\", () => {\r\n      \r\n      \r\n     setTimeout(()=>{\r\n           createList();\r\n    setContainerHeight();\r\n  \r\n    \r\n    document.addEventListener(\"scroll\", (event) => {\r\n  if (!ticking) {\r\n    checkScroll();\r\n  }\r\n});\r\n    \r\n    \r\n},300) \r\n\r\n    \r\n  });\r\n\r\n\r\n  \r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dfc93ef rate-article elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dfc93ef\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-b4a9343 rate-article-first-block\" data-id=\"b4a9343\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-6db50f8 rate-container\" data-id=\"6db50f8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a22e7c rate-text elementor-widget elementor-widget-text-editor\" data-id=\"9a22e7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rate this article:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-ee109ce rate-article-star-block\" data-id=\"ee109ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f1f3ad elementor--star-style-star_unicode elementor-star-rating--align-left elementor-star-rating-tablet--align-left elementor-widget elementor-widget-star-rating\" data-id=\"4f1f3ad\" data-element_type=\"widget\" data-widget_type=\"star-rating.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div class=\"elementor-star-rating__wrapper\">\n\t\t\t\t\t\t<div class=\"elementor-star-rating\" title=\"4\/5\" itemtype=\"http:\/\/schema.org\/Rating\" itemscope=\"\" itemprop=\"reviewRating\"><i class=\"elementor-star-full\">&#9733;<\/i><i class=\"elementor-star-full\">&#9733;<\/i><i class=\"elementor-star-full\">&#9733;<\/i><i class=\"elementor-star-full\">&#9733;<\/i><i class=\"elementor-star-empty\">&#9733;<\/i> <span itemprop=\"ratingValue\" class=\"elementor-screen-only\">4\/5<\/span><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-eabf73f\" data-id=\"eabf73f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e6c178a reviews elementor-widget elementor-widget-text-editor\" data-id=\"e6c178a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>4.8\/5 (45 reviews)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c55ecdf rate-comment elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c55ecdf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-f922cee comment-article-first-block\" data-id=\"f922cee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-2adc2a1\" data-id=\"2adc2a1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-67c2092 e-flex e-con-boxed e-con e-parent\" data-id=\"67c2092\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7974fd2 elementor-widget elementor-widget-shortcode\" data-id=\"7974fd2\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f100240-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"100240\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/sv\/wp-json\/wp\/v2\/posts\/98125#wpcf7-f100240-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" enctype=\"multipart\/form-data\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"100240\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f100240-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<style>\n#form-templates .contact__info {\n  background-color: #f4f4f4;\n  padding: 70px 44px 70px 50px;\n  position: relative;\n  max-width: 540px;\n  width: 100%;\nborder: 1px solid #AEB1B7;\n}\n\n#form-templates .contact__info-background {\n  z-index: -1;\n  position: absolute;\n  top: 20px;\n  left: 20px;\n  width: 100%;\n  height: 100%;\n  border: 1px dashed #ef4557;\n}\n\n\n#form-templates .new-container{\ndisplay: flex;\njustify-content: space-between;\nflex-wrap: wrap;\n}\n\n\n#form-templates{\npadding: 100px 15px 100px 15px;        \n}\n\n#form-templates .contact__info-heading {\n  font-family: 'Sora' !important;\n  font-style: normal !important;\n  font-weight: 400 !important;\n  font-size: 36px !important;\n  line-height: 46px !important;\n  color: #2E2E2E !important;\n   margin-bottom: 60px !important;\n\n}\n\n\n#form-templates .message label{\ncolor: #585858 !important;   \n}\n\n.elementor-widget-container.form-template h2,.elementor-widget-container.form-template h1{\n font-size: 60px !important;\n  line-height: 70px !important;\n  font-family: \"Sora\", Sans-serif;\n  font-weight: 400;\n  margin: 0;  \n  margin-bottom: 20px;\n}\n\n\n\n\n.elementor-widget-container.form-template p{\n  font-family: \"Karla\", Sans-serif;\n  font-size: 22px;\n  font-weight: 400;\n  line-height: 28px;\n  color: var( --e-global-color-primary );\n  max-width: 700px;\n  margin: 0; \n  margin-bottom: 40px;\n} \n  \n\n\n.new-container #spinner{\nwidth: 50%;\nmax-width: 700px;\n}\n\n\n#form-templates .new-container #spinner div.contact-us__wrapper:nth-child(6){\ngap:30px; \n    \n}\n\n\n#form-templates .contact__info-heading {\n  margin-bottom: 67px;\n  font-size: 36px;\n  font-family: karla;\n  color:  #2E2E2E;\n\n  line-height: 49px;\n}\n\n#form-templates .contact__info-steps {\n  display: flex;\n  flex-direction: column;\n  max-width: 425x;\n  row-gap: 20px;\n  border-left: 1px solid #2e2e2e;\n}\n\n#form-templates .contact__info-block {\n  position: relative;\n  padding-left: 45px;\n}\n\n#form-templates .contact__info-block:last-child {\n  box-shadow: -1px 0 0 1px #f4f4f4;\n}\n\n#form-templates .contact__info-step {\n  position: absolute;\n  border: 1px solid #2e2e2e;\n  width: 40px;\n  height: 40px;\n  display: flex;\n  align-items: center;\n  justify-content: center;\n  border-radius: 20px;\n  left: -20px;\n  top: -8px;\n  background-color: #F4F4F4;\n  color:  #2E2E2E;\n\nfont-family: Karla;\nfont-weight: 700;\nfont-size: 18px;\nline-height: 28px;\n\n}\n\n.elementor-widget-global .contact__info-step {\n        color:  #2E2E2E;\n}\n\n#form-templates .contact__info-text {\n  margin: 0;\n  font-size: 16px;\n  line-height: 26px;\n  color: #2E2E2E;\n  font-family: karla;\n\n  width: 100%;\n}\n\n\n#form-templates .contact-us__send{\nflex-shrink: 0;\nmargin-top:0;\n}\n\n\n\n@media screen and (max-width: 1279px) {\n    .new-container #spinner{\n        width: 100%;\n        max-width:100%;\n        margin-bottom:40px;\n    }\n    \n\n    .new-container .contact__info {\n        max-width: 700px !important;\n    }\n    \n}\n\n\n@media screen and (max-width: 1279px) {\n#form-templates{\npadding: 60px 15px 70px 15px;     \n}\n}\n\n\n\n@media screen and (max-width: 767px) {\n\n#form-templates .new-container #spinner div.contact-us__wrapper:nth-child(6){\ngap:20px; \n \n}\n\n\n  #form-templates .contact__info {\n    padding: 20px 20px 40px 40px;\n    margin: 0 auto;\n  }\n\n\n#form-templates{\npadding: 40px 15px 50px 15px;  \n    \n}\n\n  \n   .new-container #spinner{\n       \n    margin-bottom:30px;   \n   }\n   \n   \n   .elementor-widget-container.form-template h2,.elementor-widget-container.form-template h1{\n   font-size: 32px !important;\n    line-height: 42px !important;    \n   }\n   \n   \n   .elementor-widget-container.form-template p{\n       \n    font-size: 16px;\n    line-height: 20px;  \n    margin-bottom: 30px;\n \n       \n   }\n   \n   #form-templates .contact__info-heading{\n   font-size: 24px !important;\n    line-height: 49px !important;    \n       \n   }\n   \n\n.mailToContact{\nmargin-top: 10px !important;        \n}\n   \n\n  #form-templates .contact__info-heading {\n    font-size: 24px;\n    margin-bottom: 37px;\n  }\n\n  #form-templates .contact__info-background {\n    top: 10px;\n    left: 10px;\n  }\n\n  #form-templates .contact__info-text {\n    font-size: 12px;\n    line-height: 20px;\n  }\n  \n  \n  #form-templates .contact__info-heading {\n   margin-bottom: 35px !important;\n\n}\n\n}\n\n@media (max-width: 767px) {\n    .mailToContact {\n        max-width: 100%;\n    }\n}\n<\/style>\n\n<script>\nwindow.addEventListener('hashchange',function(e){if(window.history.pushState){window.history.pushState('','\/',window.location.pathname)}else{window.location.hash=''}})\n<\/script>\n\n\n<div id=\"form-templates\">\n<div class=\"elementor-widget-container form-template\">\n<a name=\"contact-form\"><\/a>\n<h2>Contact us<\/h2>\n<p><a id=\"calendlylink\" style=\"color: #c63031; border-bottom: 1px solid #c63031; padding: 0;\">Book a call<\/a> or fill out the form below and we\u2019ll get back to you once we\u2019ve processed your request.<\/p>\n<\/div>\n\n<div class=\"new-container\">\n\n\n<div class=\"contact-us__main\" id=\"spinner\" data-no-defer=\"1\">\n\n<div class=\"contact-us__wrapper\">\n\n<div class=\"name\">\n<label>Name<\/label>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"field_name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required contact-us__name\" id=\"contact-name\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Name*\" value=\"\" type=\"text\" name=\"field_name\" \/><\/span>\n<\/div>\n\n<div class=\"company\">\n<label>Company<\/label>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"company\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required contact-us__company\" id=\"contact-company\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Company*\" value=\"\" type=\"text\" name=\"company\" \/><\/span>\n<\/div>\n\n<\/div>\n\n<div class=\"contact-us__wrapper\">\n\n<div class=\"email\">\n<label>Email<\/label>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email contact-us__email\" id=\"contact-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Corporate email*\" value=\"\" type=\"email\" name=\"email\" \/><\/span>\n<\/div>\n\n<div class=\"phone\">\n<label>Phone<\/label>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"tel\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel contact-us__phone\" id=\"contact-phone\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone*\" value=\"\" type=\"tel\" name=\"tel\" \/><\/span>\n<\/div>\n\n<\/div>\n<div class=\"contact-us__wrapper subj\">\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-recipient\"><select class=\"wpcf7-form-control wpcf7-select\" id=\"form-field-subj_js\" aria-invalid=\"false\" name=\"your-recipient\"><option value=\"\">Subject*<\/option><option value=\"IT staff augmentation\">IT staff augmentation<\/option><option value=\"Turnkey product development\">Turnkey product development<\/option><option value=\"Support and enhancement\">Support and enhancement<\/option><option value=\"Careers\">Careers<\/option><option value=\"Other\">Other<\/option><\/select><\/span>\n\n<span class=\"wpcf7-form-control-wrap\" data-name=\"form-field-budget_js\"><select class=\"wpcf7-form-control wpcf7-select\" id=\"form-field-budget_js\" aria-invalid=\"false\" name=\"form-field-budget_js\"><option value=\"\">Project budget<\/option><option value=\"Under $15K\">Under $15K<\/option><option value=\"$15K-$30K\">$15K-$30K<\/option><option value=\"$30K-$100K\">$30K-$100K<\/option><option value=\"$100K-$250K\">$100K-$250K<\/option><option value=\"$250K-$500K\">$250K-$500K<\/option><option value=\"More than $500K\">More than $500K<\/option><\/select><\/span>\n\n<\/div>\n\n\n<div class=\"message\">\n<label>Message<\/label>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"40\" rows=\"1\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required contact-us__message\" id=\"contact-message\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Describe your needs in detail*\" name=\"message\"><\/textarea><\/span>\n<\/div>\n\n<div class=\"atvoice-wrap\">\n\n<div class=\"voice-wrap\">\n<span id=\"voice-mut\" class=\"voicetext\">Send us a voice message<\/span>\n         <div class=\"qc_voice_audio_wrapper\">\n            <div class=\"qc_voice_audio_container\">\n                <div class=\"qc_voice_audio_upload_main\" id=\"qc_audio_main\">\n                    <a class=\"qc_audio_record_button\" id=\"qc_audio_record\" href=\"#\" aria-label=\"Record an audio message\">\n                        <span class=\"dashicons dashicons-microphone\"><\/span> \u00a0<\/a> \n                <\/div>\n\n                <div class=\"qc_voice_audio_recorder\" id=\"qc_audio_recorder\" style=\"display:none\">\n\n                <\/div>\n                <div class=\"qc_voice_audio_display\" id=\"qc_audio_display\"  style=\"display:none\">\n                    <audio id=\"qc-audio\" controls src=\"\"><\/audio>\n                    <span title=\"Remove and back to main upload screen.\" class=\"qc_audio_remove_button dashicons dashicons-trash\"><\/span>\n                <\/div>\n            <\/div>\n            <input type=\"hidden\" value=\"\" name=\"qcwpvoicemessage\" id=\"qc_audio_url\" \/>\n        <\/div>\n        \n<\/div>\n\n\n<div class=\"attach-wrap\">\n<span class=\"voicetext\">Attach documents<\/span>\n\n<div class='attachment'>\n\n<div class=\"downloaded\">\n<span><\/span>\n<div class=\"deleteFile\"><\/div>\n<\/div>\n\n<div class=\"attachmentButton\" onclick=\"(function cl(e){if(e.target.nodeName == 'DIV'){e.target.parentNode.children[1].children[0].click(); }})(arguments[0]);\">\n\n<div 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