How Machine Learning and IoT Could Transform the Fintech – Rubics.io

The spending on Artificial Intelligence is expected to reach $57.6 Bn by 2021. Additionally, the current adoption of fintech is estimated to be at 33 percent around the world. It's no surprise that IoT devices, in conjunction with data-fueled AI systems, have the groundbreaking potential for all industries, including fintech. With everything getting digital and automated, the finance and banking sector is set to radically change by the combined effect of machine learning and the Internet of things. To gauge the scope of potential, let's look at some interesting ways how ML and IoT are transforming the fintech space.