Acba Bank presented its AI achievements at AI Conf conference

YEREVAN, October 14. /ARKA/. The largest AI conference AI Conf was held in Armenia in partnership with Acba Bank, during which the industry representatives discussed a set of issues related to the introduction of artificial intelligence in financial-banking, business and education, the bank’s press service reports.

Acba Bank’s AI and machine learning specialist Mher Movsisyan was one of the speakers at the conference organized by Krisp. He presented solutions to various problems in the bank using machine learning and artificial intelligence.

“With the introduction of the document automation project, tens of thousands of documents are now processed automatically. We have automated many processes and now perform them in a shorter period of time, for example, assessing a person’s creditworthiness,” Movsisyan said.

“We cannot but be close to such an event, which essentially unites the AI community of Armenia, people who in one format or another are involved in the application and development of artificial intelligence tools. We attach importance to uniting this community both in terms of sharing ideas and raising awareness. This may inspire many young people to get involved in data science because we have very few specialists in artificial intelligence, and perhaps this is one of the biggest challenges in this field,” said Tigran Simonyan, Deputy CEO for Platform and Technology Development at Acba Bank.

Acba Bank’s customers will also soon have access to a voice assistant integrated with artificial intelligence and designed to respond faster to their queries.

The bank is controlled by the Central Bank of Armenia. -0-

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