Report: Artificial intelligence drives 'fintech;' NC startups cash in :: The Skinny at WRAL TechWire

AI is also emerging as a force for startups and emerging companies, too, as several entrepreneurial ventures in North Carolina are demonstrating in "fintech." Financial technology, better known as fintech, startups account for 10 percent of the some 90 companies chosen to present at the upcoming Council for Entrepreneurial Development's annual venture conference. A new report cites the plunging costs and advances of artificial intelligence as key drivers. AI's impact alone in one sector of fintech shows its potential. According to Juniper Research, fintech platforms are being used for review and approval/disapproval of unsecured consumer loans at a remarkable rate.