AI in banks: risks and opportunities

Swedish philosopher Nick Bostrom, in the book Superintelligence said, "Machine learning is the last invention that humanity will ever need to make." From electronic trading platforms to medical diagnosis, robot control, entertainment, education, health, and commerce, Artificial Intelligence (AI) and digital disruption have touched every field in the 21st century. AI has made its presence felt in all walks of life due to its ability to help the user innovate. It has also enabled users to make faster and more informed decisions with an increased amount of efficiency. Of late, the banking sector is becoming an active adapter of artificial intelligence--exploring and implementing this technology in new ways.