About the AI disruption on the Financial and Banking Sector

Big global banks are increasingly turning toward Artificial Intelligence (AI) technologies to stay competitive in the digital era. AI has huge benefits, for both banks and their customers. The implications of AI disruption in the financial sector is that the analysis of users' habits, activities, behavioral characteristics, and financial data products can be customized to meet and anticipate each user's unique and evolving needs. This makes it viable for each user to have his/her own digital personal financial assistant. Automated financial advisors and planners assist users in taking financial decisions.