Artificial Intelligence is driving the definitive automation of financial services - BBVA NEWS

Artificial intelligence (AI) made the leap from science fiction to the corporate world some time ago. Amazon and Netflix use it routinely to make purchasing recommendations, iPhone users speak to Siri every day, and banks give investment advice or calculate risks thanks to these technologies. But these are only the first hesitant steps of AI, which is due to have a major impact on the financial sector, as revealed in this report in the magazine Euromoney, and featuring an interview with Marco Bressan, Chief Data Scientist at BBVA. Artificial Intelligence has been present in the financial industry for many years now, Marco Bressan, Chief Data Scientist at BBVA, tells Euromoney: "Currently it denotes a vision of the future; an aspect of the sci-fi imagination; something that you still can't do. But the truth is senior financial executives have been doing AI-related work, research and deployment of products for years", he notes. When we talk about Artificial Intelligence we refer to a set of technologies –many created decades ago– rather than one single product or system.