To draw a rough sketch of exaggerated scenario of how these two technologies (AI & FinTech) may interact with us in the future and what warrants the, perhaps perplexing, 2 super powers. AI’s Control systems are widely used. They govern how a simple thermostat adapts to a target temperature.
None of the definitions provided above for FinTech are right or wrong as such. Defining fintech is both an easy and a difficult task. If we are to consider one payment element, which can be defined as “an action done by the acceptor of goods or services in the form of cash handed over or funds transferred through a credit card or online or internet method,
Artificial Intelligence will boost info security through behavioural biometric intelligence in coming time. Mobile payments security will play the key role in the importance of info-security and privacy in payments. This industry is changing every day i.e it dynamic so why to relay on static method of security.