Here's why machine learning is critical to success for banks of the future

MACHINE learning is a popular buzzword today, and has been heralded as one of the greatest innovations conceived by man. A branch of artificial intelligence (AI), machine learning is increasingly embedded in daily life, such as automatic email reply predictions, virtual assistants, and chatbots. The technology is also expected to revolutionize the world of finance. While it is slower than other industries in embracing the technology, the impact of ML is already visibly significant. Most recently, HSBC said that the bank was using the technology to combat financial crime.