AI has a significant number of applications in finance. New technologies are already changing businesses and challenging traditional values. AI is taking the place of a human analyst very fast as inaccuracies may cost millions. New areas of AI application in fintech appear all the time.
AI Today: Where It Works
- Credit Decisions
- Sentiment and News Analysis
- Risk Management
- Fraud Prevention
- Personalized Banking
Fintech has evolved from traditional ATMs to blockchain technology and digital banking services. Digital technologies such as chatbots and online budgeting tools are moving forward financial services. In such a competitive environment, companies should integrate modern technologies using AI. It will be exciting and challenging times for the industry over the coming years.
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