The Awesome Duo: 6 Cases of How #fintech Benefits From AI
▻https://hackernoon.com/the-awesome-duo-6-cases-of-how-fintech-benefits-from-ai-bb408242a1c5?sou
Photo by Alice Pasqual on UnsplashIf you’ve ever used the Internet to transfer money between accounts or apply for a bank loan or trade, you’re probably aware of how deeply rooted fintech has become in our day-to-day lives. In 2018, about 61% of Americans used digital banking services and this number is set to exceed 65% in 2022. One of the newly-emerged traits of the 4th Industrial Era, fintech is an application of fast-evolving digital technologies to improve and facilitate financial services.Companies are rapidly adopting fintech to keep abreast of the competition. The investments into this industry are also impressive: in 2018, it attracted over $16 billion investment in the UK alone, according to KMPG.On the other hand, entire countries are rapidly adopting AI technologies to compete (...)
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