How AI and Big Data are Revolutionizing Traditional Banking Socialnomics

Does your bank help you reflect on spending habits and help you make wiser decisions? Did it detect that it wasn't you who made that last purchase? By combining the powers of big data, artificial intelligence, and machine learning, banks can do much more than keep your money and pay you a nominal interest rate. "Banking is necessary, banks are not." That's something Bill Gates said way back in the 90s, but the true weight of that short sentence is being felt today.