How Does Artificial Intelligence Apply to Fintech?

Artificial Intelligence (AI) is making unending waves, both positive and negative. While some experts are going gaga over its productivity orientation and task precision, a few others are expressing concerns over the social impact due to the loss of jobs to robots. A single fact overrides these opinions--all sectors are without question exploring how they can leverage AI to better business, banking being no exception. For example, last year, RBS replaced some of its human employees with automated services. This is just the beginning, as machines slowly but steadily make their presence felt in the fintech sector.