The Impacts and Challenges of Artificial Intelligence in Financial Services

Contrary to what people might think, artificial intelligence (AI) is hardly a new topic. It has been around since 1956 when the seminal summer workshop was organized at Dartmouth College, New Hampshire, US. For years, artificial intelligence remained a subject of scholarly study or an inspiration for science-fiction writers. However, there has been a significant acceleration in recent years. AI has started to be implemented for real-world applications, including in business contexts.