Machine learning applications enable the processing of large amounts of data sets and reaching valuable conclusions which, by using its algorithms, …

Fininbox, an established banking software-as-a-service (SaaS) provider, has identified three main Fintech trends or developments that helped shape the financial technology industry last year. According to Fininbox, the three trends are: artificial intelligence (AI) became increasingly important among Fintech firms, a large number of traditional banks adopted Fintech solutions, and blockchain-based solutions were increasingly implemented across various industries. Fininbox predicts that the Fintech industry is expected to reach over 4.5 billion active users by 2023. The market cap of the global financial technology sector is on track to grow to $310 billion through 2022, Fininbox estimates. The BaaS provider points out that AI has been helping Fintech companies by monitoring and keeping track of various financial operations to handling daily user enquiries and is projected to increase by as much as four times in the next four years.

Technology and the ways data are being used to make trading decisions and better understand markets continue to evolve quickly for financial services firms. Those at the forefront of fintech innovation and integration are rapidly gaining advantages over competitors. In this piece, we talk with Michael Alexander, president of Broadridge North America Wealth and Capital Markets Solutions, about technology trends and how they're reshaping the way financial services firms do business. What new technology trends do you expect to see in 2020 when it comes to financial services? How will the industry continue to evolve?

As more and more people use mobile devices, financial services are going mobile. According to PwC's 2018 Digital Banking Consumer Survey, the number of people who prefer to use their smartphones for banking has increased. With mobile banking, customers can manage money without going to a physical branch. The strong trend toward mobile banking resulted in a growing number of digital-only banks with no physical branches. They are particularly popular among Millennials, who often use smartphones for financial transactions.

The growth of AI, in particular, has the potential to revolutionize the financial services industry as it helps enhance security and data protection, improve customer centricity, and ease the regularity burden via RegTech. Blockchain also provides improved security from its distributed technology along with considerable cost savings. Big data, on the other hand, has helped provide better value for customers while helping financial firms make very astute actuarial decisions on a client's risk profile. So what can we expect to see over the next 12 months? Let's take a look at some FinTech trends in 2018 that you should pay attention to.

Check out the session "AI in personal finance: More than just chatbots" at the Artificial Intelligence Conference in New York, April 29-May 2, 2018. Hurry--early price ends March 16. Here's what we'll be watching in the coming year. AI is sweeping across all industry sectors, including financial services. AI touches customer interactions (voice services like Siri and dialog systems), fraud detection, trading, and risk management (machine learning), and is being used to automate many back-office tasks (robotic process automation).

Check out the session "AI in personal finance: More than just chatbots" at the Artificial Intelligence Conference in New York, April 29-May 2, 2018. Hurry--best price ends February 2. Here's what we'll be watching in the coming year. AI is sweeping across all industry sectors, including financial services. AI touches customer interactions (voice services like Siri and dialog systems), fraud detection, trading, and risk management (machine learning), and is being used to automate many back-office tasks (robotic process automation). AI technologies are also giving rise to new fintech startups that use techniques like computer vision to unlock new datasets (e.g., aerial images).

This article on 2017's AI comes very recently after Google's AutoML project created an AI child that was smarter than AI built by humans. The'child AI' called NASANet was created by two parent AIs and utilises'reinforcement learning' that enables it to report, learn and improve from its parent AIs. Whilst we'd scheduled an AI recap for 2017 it seems that this has been the most significant development in AI technology this year. We've put together the interesting world of AI as told by our articles over the months of 2017. We'll look at the many applications of AI, what AI is and where it's going.

Fintech is a lucrative yet quite saturated market. In order to stay competitive, businesses should keep track of the emerging trends and be able to capitalize on them before their competitors do. Artificial intelligence is currently among the most promising fintech trends. Leading financial brands such as Capital One, MasterCard, as well as hundreds of startups have set the pace for the adoption of virtual financial advisors. If you want to stay ahead of your competition or simply explore the opportunities for AI in fintech, then this article is for you.

Could 2017 be any more turbulent than 2016? Some would argue that because of last year's unprecedented surprises, fluctuating markets and politics and real-world events, this year couldn't possibly offer any more shocks. In the midst of all of this, the technology world continues unabated, with the FinTech sector holding some exciting new developments for the year ahead. For too long, consumers have had to bear the "Your call is very important to us, please continue to hold" banality, but 2017 could be the year where this unintelligent automation disappears. The advances in artificial intelligence have caused a small explosion of sorts in the FinTech sector, but this small bang could expand with the mainstream introduction of chatbots and smartbots, with human help only required for the really tricky questions.