Artificial intelligence will say whether you get a bank loan

The financial services industry, especially the banking sector, is going through considerable change. This is due to the implementation of digital technology and as a consequence of changing customer behavior. These behaviors include different expectations in terms of service and a desire to access baking services through multiple channels. For banks, the motivations for implementing digital technologies are driven by changing customer perceptions and a desire to lower cost and to mitigate risks increased security. With changing consumer trends, a report by i-Scoop found that around 90 percent of consumers prefer on-line banking as opposed to going to the bank.