In a world where AI is almost treated as a religion, Blockbank too attempts to leverage AI in the banking infrastructure. Blockbank aims to transform the traditional and DeFi systems to a more digital one to ensure a private, secure, and centralized banking ecosystem.
Understanding Social Intelligence: Artificial intelligence is known to be adept at mimicking human intelligence.
Understanding the collective thought process of customers of Blockbank will gain the bank an edge over others. This feature will enhance personal customer interaction which in turn, ensures customer loyalty and effective service to them. As it is quite well-known that banks run on the ideology, "The customer is always right."
Risk Mitigation: Banks can get into the risk of falling into criminal hands. Cases of bankruptcy and important data threats are now age-old and are persistent still. AI integration bears the potential to obliterate such problems as AI is used for data management i.e. protection of confidential data. Additionally, AI can detect breaches in real-time and act accordingly.
Analytics: Advanced AI is imbued with analytics, which is required to read and interpret complex algorithms to harness meaningful and significant data out of them.
Data Management: Banks are loaded with a plethora of data every day and extricating the important ones becomes a tedious job for the human workforce. AI integration is one effective way to curb the problem as it can manage the heavy data stream, providing security to the important and confidential ones.
Expansion of Knowledge Base- Blockbank believes that the integration of artificial intelligence in their banking infrastructure will result in an expansion of consumers' knowledge base, which can be effective for decision making.
A Boon for the Technologically Challenged- Not every customer or consumer is tech-savvy and Blockbank understands this well. One of the objectives of AI integration is to ease out complexities for the customers.
Reportedly, Blockbank is working on a fiat gateway, lately. Besides, it will also provide access to non-custodial and cross-chain wallets for the users to hold their cryptocurrency. The few services that are involved in this are:
BlockBank is a non-custodial AI wallet that brings decentralized and centralized technology together to transform and advance the face of cryptocurrency banking.
BlockBank is a thriving fintech that has partnered with SKAEL to make AI the advisory in the crypto ecosystem. It functions to make daily traders a smart user.
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