Could Artificial Intelligence Mean The End Of Traditional Banking? - Disruption Hub

The financial world is no stranger to AI and automation. In 2016, it was estimated that 75 per cent of global trade was handled by algorithms. Major companies like Two Sigma, Goldman Sachs and Man Group PLC already use machine learning techniques as a strategic aid and research tool, and smaller businesses are beginning to do the same. The application of AI to financial decisions is yet another indicator that the days of traditional finance are numbered. But how has the technology affected the sector, and what can organisations do to keep up?