Related questions

3 like 0 dislike
1 answer 3 views
11 like 1 dislike
1 answer 3 views
asked Apr 11 by Mark (4,640 points)

I saw Fukoku Mutual Life started using IBM'ss Watson Explorer Artificial Intelligence system. What it does?

3 like 2 dislike
asked Apr 25 by zigx (2,100 points)

1 Answer

0 like 0 dislike
answered Apr 25 by Fred (4,020 points)

The initial role of the Artificial Intelligence system is to calculate payouts to policyholders, which in our industry, translates to back office personnel calculating and scheduling withdrawal payments to holders of FX trading accounts, or calculating and paying partners and introducing brokers (IBs) in the retail sector, or conducting the administration of omnibus accounts between prime brokerage and retail FX company, or platform volume capitalization on the institutional and B2B side.

commented Apr 25 by zigx (2,100 points)
Will it be efficient?
commented Apr 25 by Fred (4,020 points)
Fukoku Mutual Life Insurance believes it will increase productivity by 30% and see a return on its investment in less than two years.
commented Apr 25 by kit (2,260 points)
Also the firm said it would save about 140 million yen (£1m) a year after the 200 million yen (£1.4 million) AI system is installed this month. Maintaining it will cost about 15 million yen (£100,000) a year.
commented Apr 25 by zigx (2,100 points)
Looks like good move to me. Thank you.

For advertising click here