Get ready to discover a world beyond Bitcoin with iBG. For the common man, it was just Bitcoin. This was and probably still is the original cryptocurrency. It is also the most valuable cryptocurrency. But things are going to change, or should we say that they have already? The whole asset class of virtual currencies is in for a flip.

The usage of Artificial Intelligence (AI) has been raised throughout the world from smart devices to the well-known Siri application on Mac gadgets; AI is everywhere, even though wealth management and the finance field follow a more conventional path, which does not mean that they are exempted from such trends. The latest integration for AI is Robo Advisory in Wealth Management. While some may be apprehensive about such science-fiction tactics to the financial system, those robots have the strength that transforms into a wealth management approach. Moreover, AI robots are increasingly being used by the millennial generation to maximize their investment returns and tackle diverse financial requirements effectively. By utilizing this fintech strategy, advisors and wealth managers can look forward to creating accurate financial plans for their clients while delivering stellar service.

Ilker is Co-founder of Botanalytics, conversational analytics company based in San Francisco.

To provide you with this exclusive report, MyPrivateBanking has partnered with BI Intelligence, Business Insider's premium research service, to create The Complete Robo Advisor Research Collection. If you're involved in the financial services industry at any level, you simply must understand the paradigm shift caused by robo advisors. Investors frustrated by mediocre investment performance, high wealth manager fees and deceptive sales techniques are signing up for automated investment accounts at a record pace. And the robo advisor field is evolving right before our eyes. Firms are figuring out on the fly how to best attract, service and upsell their customers. What lessons are they learning?

In what The New York Times is calling The Great AI Awakening and Forbes has dubbed The Year of AI, 2017 is shaping up to be obsessively focused on artificial intelligence, a field that has been around for awhile (remember playing checkers against a computer?) Because the technology has finally reached its tipping point, AI, and its close relative machine learning, have taken a variety of industries by storm, bringing self-driving Ubers to the streets of San Francisco (and then carting them away); robotic vacuum cleaners to dirty household floors; and natural language processing to chat bots and IVR communications. With AI already embedded into these industries, it's easy to find examples of how the technology is shaping fintech. Below are eight areas of fintech into which AI has made inroads. Each area is ranked and rated (out of 5 stars) based on how it is currently influenced by AI and based on AI's potential to add value. AI is already a standard tool in robo advisory.