How AI & Machine Learning is Infiltrating the Fintech Industry?

Fintech is a buzzword in the modern world, which essentially means financial technology. It uses technology to offer improved financial services and solutions. How AI and machine learning are making ways across industries, including fintech? The use of artificial intelligence (AI) and machine learning (ML) is evolving in the finance market, owing to their exceptional benefits like more efficient processes, better financial analysis and customer engagement. According to the prediction of Autonomous Research, AI technologies will allow financial institutions to reduce their operational costs by 22%, by 2030.