simulation vs banking

1. Simulation Gagandeep kaur
v/s
Banking

2. A Definition of Simulation:
Simulation is the imitation of the operation of a real-world process or system
over time. The act of simulating something first requires that a model be
developed; this model represents the key characteristics, behaviors and
functions of the selected physical or abstract system or process.
Simulation
vs.
RealWorld

3. The Process of Simulation

4. ATM IN BANKING

5. ATM BLOCK DIAGRAM

6. AI (ARTIFICIAL
INTELLIGENCE)
•Artificial intelligence is not one technology but rather a group of
related technologies including natural language processing
(improving interactions between computers and human or “natural”
languages); machine learning (computer programs that can “learn”
when exposed to new data) and expert systems (software programmed
to provide advice) – that help machines sense, comprehend and act in
ways similar to the human brain.
•These technologies are behind innovations such as virtual agents
(computer-generated, animated characters serving as online customer
service representatives); identity analytics (solutions combining big
data and advanced analytics to help manage user access and
certification) and recommendation systems.

7. Humanoids in BankingLakshmi will ask you to get in touch with the branch manager. At
the back-end, all the questions she was unable to answer will be
curated and better equip her with data sets. As of now, she can give
real time updates of foreign exchange movement, current interest
rates at banks for different asset classes like personal, educational,
two-wheeler and home loans, possible charges on withdrawals or
deposits.
Intelligent Robotic Assistant, developed in association with
Kochi-based Asimov Robotics, guide the incoming customer
towards these banking operations: Cash Deposit, Foreign
Exchange, Loans.
Winning Customer Loyalty in the age of agile start-ups, is
impactful through AI.

8. Simulation Mime in Banking
 simulation is designed to allow you to manage the development of a
bank in direct competition with several like banks so that you can
explore how a bank functions. It does not attempt to replicate your
bank or banking environment precisely. Rather it is designed to raise
key banking issues and explore basic bank operations.
 A business model simulates the operation of your bank. Your
decisions and those of your competitors influence the responses to this
model. The results of your decisions are used to produce several
reports that you must analyse to see how well you are performing and
what further action is needed.
 Your objective is to make your bank successful and it is up to you to
agree your criteria of success.