How AI is transforming the future of fintech

These use neural networks to predict behaviour, financial indicators and so on. "In the history of finance there has always been fraud," says WIRED Money 2017 speakerJoern Leogrande, executive vice president of mobile services at Wirecard. But from a retailer's perspective, you have to do something about this because what we see - and this is pretty obvious - is the kind of power and investment technology companies like Amazon are stepping into… There is tremendous change coming." Fintech aspires to the same promise, and services like Wirecard, Nutmeg, Schmidhuber's lab's work on AI that can outthink a human banker or trader by a thousand-fold, are examples of how it can deliver.