AI in Fintech is a great help & ease for understanding on how the automation can be achieved for automated tasks (yes its true). Machine Learning focuses on predictions, based on known properties learned from the training data using too much statistical inductive reasoning. It’s been said ML works very well as long as past gets repeated in future. Financial chat bots use predictive analytics to push out real-time, informed responses to customers without the need for human intervention.
Blockchain technology is being used to distribute the financial market, rather than keep it in the control of a few major companies. How about the same concept with Artificial Intelligence so that it can deliver the values in a plug and play mode i.e As a Service technique. Any new startup if require or wants can just plug and play this service to get benefits rather then leaving it just few big hands.
AI is today increasingly used as a wide term to describe machines that can mimic human functions such as learning and problem solving, but was originally founded on the premise that human intelligence can be precisely described, and machines made to simulate it. Technology and non technology companies are now investing and brining out the real and materialistic values of Artificial Intelligence to the real world.
Blockchain technology is a digital innovation that is poised to significantly alter financial markets within the next few years, within a cryptographic ecosystem that has the potential to also significantly impact trusted computing activities and therefore cybersecurity concerns as a whole.
Amalgamating the latest technology of artificial intelligence like predictive analytics and cognitive messaging to serve millions of customers is now a new winning strategy. AI and regulation are paving the way for Fintech. Artificial intelligence is a new factor of production and has the conceivable potential to introduce new sources of growth, reinventing the business in place, changing how work is done and reinforcing the role of people to drive growth in business.