The Impact of AI in the Finance Industry

With time we adapt to technological advancement; and needless to say, Artificial Intelligence (AI) is the hot talk at the dinner table. With its increasing popularity, Artificial Intelligence will spur the next industrial revolution. The finance industry was one of the first to adopt AI, and according to IDC (International Data Corporation), banking will invest more than $5 billion in 2020 on AI systems. A major chunk of which will go towards automating threat intelligence and prevention systems as well as fraud analysis and investigation. Banking and financial services are utilizing AI to gain a competitive advantage in the market.