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How AI & Machine Learning is Infiltrating the Fintech Industry?

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Fintech is a buzzword in the modern world, which essentially means financial technology. It uses technology to offer improved financial services and solutions. How AI and machine learning are making ways across industries, including fintech? The use of artificial intelligence (AI) and machine learning (ML) is evolving in the finance market, owing to their exceptional benefits like more efficient processes, better financial analysis and customer engagement. According to the prediction of Autonomous Research, AI technologies will allow financial institutions to reduce their operational costs by 22%, by 2030.


Is FinTech Reliable? The Future of AI in Financial Sectors

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The financial industry is revolutionized with the integration of artificial intelligence. It not only enhances the precision level but also speeds up the query resolution period. With the help of enhanced efficiency and accuracy, human problems are solved with the help of AI. A broad range of advanced technology, including Artificial Intelligence (AI), Machine Learning and Neural Networks, Evolutionary Algorithms, and Big Data Analytics, has allowed computers to cruise diverse, and profound data sets. But one question should be a subject of discussion: is this man-made technology actually reliable or not?


Banks and Credit Unions Frightened by Fintech

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Global banking executives fear that up to a quarter of consumer banking and payments business could be at risk within 5 years from emerging fintech firms. The impact of digital technology and the digital consumer is transforming the way consumers access financial products and services. Beyond simple transactions, such as checking balances, the intersection of finance and technology (fintech) is impacting virtually all categories of financial services at an increasing rate, reshaping the industry's status quo. Technology-focused start-ups and new market entrants are reshaping the banking, payments, insurance and wealth management sectors through innovation and a consumer-focused digital mentality. The impact, according to an analysis of companies included on PwC's DeNovo platform, is that funding of fintech start-ups more than doubled in 2015 reaching $12.2bn, up from $5.6bn in 2014.


How AI is Revolutionizing the Process of Fintech Firms?

#artificialintelligence

Artificial Intelligence has revolutionized the finance industry. Not only does it improve the precision level in the industry, but it also enhances the customer engagement level and speed up the query resolution period. In this blog, we will be finding out answers about the importance of AI in financial sectors or FinTech firms. By the year 2030, traditional financial institutions can shave 22% in costs, as per the latest 84-page report of the Autonomous in an AI in the financial industry. Fintech companies and financial firms were the early adopters of relational databases, mainframe computers, and have eagerly awaited the next generation of computational and analysis power.


How AI is Revolutionizing the Process of Fintech Firms?

#artificialintelligence

Artificial Intelligence has revolutionized the finance industry. Not only does it improve the precision level in the industry, but it also enhances the customer engagement level and speed up the query resolution period. In this blog, we will be finding out answers about the importance of AI in financial sectors or FinTech firms. By the year 2030, traditional financial institutions can shave 22% in costs, as per the latest 84-page report of the Autonomous in an AI in the financial industry. Fintech companies and financial firms were the early adopters of relational databases, mainframe computers, and have eagerly awaited the next generation of computational and analysis power.