Machine Learning in Fintech- Demystified

– Big data helps to make strategy for future and understand user behaviors. In 1959, Arther Samuel gave very simple definition of Machine Learning as "a Field of study that gives computer the ability to learn without being explicitly programmed". Now almost after 58 years from then we still have not progressed much beyond this definition if we compare the progress we made in other areas from same time. The idea of Fintech adopting some best practices from the Big Data and AI (Artificial Intelligence, Machine Learning and Deep Learning) is not so new, have you heard of accepting selfie as authentication for your shopping bill payment, Siri on your iPhone etc. A Decentralized Autonomous Organization (DAO) is a process that manifests these characteristics.