Artificial Intelligence in Finance: Quo Vadis?

The global financial sector is undergoing a period of significant change and disruption. Advances in technology are enabling businesses to fundamentally rethink the way in which they generate value and interact with their environment. This disruption has taken the umbrella term Fintech and it denotes all technologically enabled financial innovation that results in new business models, applications, processes, products, and services. At the centre of this disruption are the developments in information and internet technology which have fostered new web-based services that affect every facet of today's economic and financial activity (Bank for International Settlements, 2020). This creates enormous quantities of data.