Everything you want to know about how AI is transforming banking but were too afraid to ask

The rise of artificial intelligence (AI) is set to change the way banks and financial services operate, as well as the way consumers approach their personal banking. Powerful AI can replace humans with machines, improve customer experience and provide simplified cost-effective solutions for businesses. AI is the science of creating intelligent machines and computer programs that can replace human tasks. Computer programs have vast capabilities to execute tasks quicker than humans can, with embedded algorithms that leave less chance to make human error. Robert Smith, Chairman and CEO of Vista Equity partners said at The World Economic Forum: "Since the invention of computers, we have envisioned that computer systems will take the best of what we think and deliver real time solutions that are more efficient. The desire to leverage really hasn't changed since we were first sparked with that vision. What has changed is that we have scientists, technologies and leaders who have developed new computing platforms such as AI that make this type of computing a reality."