How Machine Vision Can Transform Financial Services [Forbes]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
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Source: Forbes
How Machine Vision Can Transform Financial Services Shutterstock The implementation of machine vision in finance is proving to be beneficial not only to businesses but also to consumers in general. Although it seemed far-fetched five years ago, financial institutions have been using advanced technologies in their operations. These technologies enable organizations to improve the customer experience and lighten employees’ workloads. The global machine vision market is expected to grow at a CAGR of 7.7% to reach USD 18.24 billion by 2025 Applications of Machine learning is slowly but surely making inroads in the finance sector with major banks already leveraging its ease-of-use mechanism. It's paving the way for automated processes substituting the current routine and repetitive practices followed by financial establishments. A simple KYC process currently takes hours, which can be reduced to minutes using machine vision technology. Many major banks have already started capitalizing on
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BBVA
Earnings
- 10/31/24 - In-Line
BBVA
Sec Filings
- 11/21/24 - Form 425
- 11/20/24 - Form 425
- 11/13/24 - Form 425
- BBVA's page on the SEC website