Computer Vision in BFSI: Use Cases and Benefits |TCS

Kumaravelu I

Industry Advisor and Transformation Head, Banking, Financial Services and Insurance, TCS

Surajit Kar

Transformation Consultant and Technology Head, Banking, Financial Services and Insurance, TCS

Kamruzzaman Shaikh

Solution Architect, Banking, Financial Services and Insurance, TCS

Computer vision – innovation in action

Computer vision is the new technology buzzword that is transforming many industries. From self-driving cars to facial unlocking for mobile devices, the technology has enabled several innovations. In the banking, financial services and insurance (BFSI) industry, there is tremendous scope for the adoption of computer vision. Computer vision use cases in banking and insurance range from fraud control, KYC processing, data extraction, smarter branches, customer experience and more.

The impact of computer vision on insurance and financial services is wide ranging with significant cost and efficiency gains, better fraud control, and enhanced customer experience. Adopting computer vision in BFSI can deliver competitive advantage, and banks and insurers would do well to incorporate computer vision technology into their digital transformation strategies. However, before starting implementation, firms must

Evaluate and select the best software
Ensure compliance with privacy regulations and security policies
Consider moving to a cloud platform

Contact

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Global knowledge. Local support

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Global knowledge. Local support

Computer Vision: A Game Changer for Banking, Financial Services and Insurance

Computer vision – innovation in action

Transformation starts here

Find out more

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Global knowledge. Local support

Computer vision – innovation in action

Related reading

Transformation starts here

Find out more

Accessibility Adjustments