All in artificial intelligence
Fintech continues to evolve as customers now trust these digital-only companies more than ever, slowly migrating deposit balances and other assets away from banks and traditional institutions. If you're an individual interested in investing, working for, or building the next great fintech, here are four areas to examine closely:
Machine learning has been a part of our world for years, but it’s presence and awareness (in our daily life) in the last 18 months has grown tremendously. Finance is the industry that has most benefited from its insights in present-day applications, with even more dynamic innovation coming beyond 2018.
There is no slowing down fintech as it continues to disrupt traditional financial institutions and processes with innovative technology and enhanced user experiences. The next level of disruptive technology to be applied by fintechs is AI (artificial intelligence).
After years of investment in digital transformation, the top US banks have actually started to pull away with market share while smaller regional banks are left behind, based on a study by Accenture of US banks, in reference to core banking systems, back-office processes, and workforce development.
Despite the growing force of machine learning, businesses are struggling internally to find usable applications for the new technology. Companies are able to figure out how models and algorithms work, but not sure how to use it yet to solve current issues they face.
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Artificial Intelligence, no longer just a buzzword, will have a major impact to work and how your company runs its business. Our current digital age of technology shaping and enhancing experience will welcome AI and its multiple benefits for employees and customers.
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Millennials are a generation full of tech-savvy consumers that live for innovation, sleek design, and the latest tech. Underneath the surface, however, these users highly value convenience, customization , and transparency. Fintechs have clearly embraced these value propositions with ........
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"I believe 2018 is the year that this (artificial intelligence) will start to become mainstream, to begin to impact many aspects of our lives in a truly ubiquitous and meaningful way."
Ralph Haupter,, president of Microsoft Asia.