The Future Of Fintech: AI - DPN

AI is used for a variety of purposes in the fintech industry. Often mixed with machine learning, a method of training AI, AI in fintech involves "intelligent" systems that automate or enable solutions for complex problems and processes, and/or uncover insights in data. Applications include Anti-Money Laundering (AML) processes, fraud checks, credit checks, decision support, risk assessments, and more. With great technology comes great responsibility and the application of AI and data collection in financial services is one that raises many questions in terms of management, security, and regulation. The European Union recently introduced rules that will begin to shape the way AI is used, with a particular focus on the financial services sector.