Influence of AI and Chatbot in the Banking and Finance Industry

Most companies are looking to build a competitive edge by implementing more and more technology into their processes to lower the cost, enhance their process, and deliver efficient results. AI and Chatbot are the latest tools which the companies are trying to implement now!

According to Autonomous Next, there are 3 ways in which the artificial intelligence is expected to transform the banking and finance industry, they are – 

1. Google and Amazon, the AI technology companies, are looking to combine financial services to their smart home assistants, and are aiming to control this data and interface with the traditional banking service providers.

2. The technology and finance firms are expected to merge and team up to shape the Psychographic profiles of the consumers with the support of social, commercial, personal and financial data.

3. Finally, the crypto community is predicted to construct a decentralized, autonomous organization with the help of open source components.

To learn more about the benefits of influence and implementing Chatbots to business, visit https://goo.gl/gGTCY5