FinTech Scotland

Accountancy, law, insurance… these professions usually conjure images of spreadsheets, glass and steel offices, jargon-filled sentences, square eyes and grey suits. Perhaps this is part of the reason why we willingly pay high fees for such services: passing the burden to highly intelligent individuals who will perform those laborious tasks for us. But all this might be about to change. Machine learning and artificial intelligence solutions are already better at performing many tasks than the professionals: beating human lawyers in reviewing contracts and predicting the outcomes of legal cases[1]. But it is not about replacing lawyers, accountants and insurance managers with machines.