Artificial Intelligence in Fintech: Understanding Robo-advisors Adoption Among Customers

The influence of Artificial Intelligence (AI) and its application in various industries have brought about a positive outlook on how operations are done in many sectors. In direct contrast to traditional methods, AI is making processes more smooth, beneficial to businesses by reducing overhead costs on labor and human error. AI in financial technology (Fintech) has also seen vast applications and not just in banking and financial management but also in catering to the advisory portion of it. With AI in the mix, Fintech companies can now offer customers 24/7 support along with and reduce operational fees levied for their services. Fintech isn't just for financial institutions but also for businesses that employ financial services as part of their operations.