The Awesome Duo: 6 Cases of How FinTech Benefits From AI

If you've ever used the Internet to transfer money between accounts or apply for a bank loan or trade, you're probably aware of how deeply rooted fintech has become in our day-to-day lives. In 2018, about 61% of Americans used digital banking services and this number is set to exceed 65% in 2022. One of the newly-emerged traits of the 4th Industrial Era, fintech is an application of fast-evolving digital technologies to improve and facilitate financial services. Companies are rapidly adopting fintech to keep abreast of the competition. The investments into this industry are also impressive: in 2018, it attracted over $16 billion investment in the UK alone, according to KMPG.