Artificial Intelligence to Amplify FinTech

Artificial Intelligence to Amplify FinTech

This post was originally published at Myblog first on Sept-16-2017. To find out more about me click here.

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AI has taken some steps into banking, but it also poised to transform how banks learn from and interact with customers. Financial services will lead the charge in the implementation of AI. Africa’s mobile phone market has expanded to become larger than either the EU or the United States with some 650 million subscribers (2016 data). At the same time, Internet bandwidth has grown 20-fold as hundreds of thousands of kilometres of new cables have been laid across the continent to serve an increasing number of its 1.2 billion Africans. Augmented experience on how to recommend how much to spend and on what. ...To Read full post click here...

AI is already driving the reinvention of existing products and interactions. Endowing the modern workforce with AI, machine learning, payment intelligence and advanced analytics fintech will thrive, amplify and fly. FinTech, which will incorporate machine learning, artificial intelligence, deep learning, and blockchain into one track. Artificial intelligence anyways turning critical for banks as they facing nimble fintech rivals. AI will be not a competitive advantage but will turned a basic need and requirement. Like today we count electricity, internet, air-conditioning, coffee machine in a corporate world a basic need but not as competitive edge? ....To Read full post click here...

The most striking AI solutions to FinTech, banks, insurance companies (now called InsureTech) and any other financial services company will probably be those that have the robust & smart financial systems with data security, machine learning (machine conciseness is very far for now) and strong analytics features in place. On usage and acceptance part of AI i.e. AI for intelligence or AI for automation....To Read full post click here...

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