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Tag: Financial Services

The Ultimate Intuitive Guide To FinTech Intelligence

The Ultimate Intuitive Guide To FinTech Intelligence

AILabPage define FinTech as “Technology applied to automate, speedup and secure financial system with its own standards chiefly used by financial institutions”. Financial institution here can be Bank, FinTech services company or mobile financial services provided.

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AI Behind the Scenes Hero for FinTech

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.

Harnessing Machine Learning in Payments

ML gets the problem-solving call in conjunction with deep learning artificial neural networks. As these jargons i.e AI, ML, DL or ANN etc may be getting their day in the sun, but they’ve been around for a while. It’s just in the past 5-10 years that they have gained traction, technology that was once niche is now becoming more mainstream and cost-effective reaching to common man. Until recent machine learning was known as historical phenomena in the worlds of academia and supercomputing.

Data Science of Digital Payments – Payment Science

How come my bank knows what I am going to buy next, how come my internet browser offering me add on something which I was searching on google few minutes or days backs. How  do they know my voice or can recognize my picture without any human intervention. Answer is much simpler then it looks or simpler then  the complexity of out own thought process. Use of deep learning