Top ML Use Cases in FinTech

Machine Learning enables new capabilities across FinTech businesses

Automate workflow with intelligence

Document data extraction

TEXTRACT

Automated document processing

SAGEMAKER

COMPREHEND

KENDRA

Credit assessment

SAGEMAKER

PayU uses SageMaker to generate credit scores

"AWS has given us a flexible, dynamic, cost- effective platform to launch new services and support client growth."

- Spokesperson, Data Science Team, PayU India

Streamline security and authentication

eKYC/Identity verification

REKOGNITION

SAGEMAKER

TEXTRACT

Fraudulent activity detection

REKOGNITION

SAGEMAKER

TEXTRACT

Credit assessment

TEXTRACT

COMPREHEND

Coinbase uses Amazon SageMaker to fight fraud

“Machine learning helps us balance risks for Coinbase, with flexibility for customers where we want them to have the best experience possible.”

- Soups Ranjan, Director of Data Science, Coinbase

Aella Credit uses Rekognition for identity verification

“While other solutions would provide 40% accuracy for facial detection of our customers’ various skin tones, Rekognition consistently provides us with 90% accuracy—better than anything else we tested in the market.”

- Wale Akanbi, CTO and Co-Founder of Aella Credit

… to build your intelligence FinTech business

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