The Growing Impact of AI in Financial Services: Six Examples

in DLIKE4 years ago

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Managing finances involve dealign with numbers to a large extent. Even a simple calculator is tremendously faster than a human in terms of arithmetic operations. AI can analyze millions of data points and spot patterns at a much faster speed. AI can also learn from large amount of historical data already available on trading related websites and figure out historical trends in market activities. Additionally AI can help with credit related decisions and fraud prevention in the financial sector. Companies are already working to make these type of services a reality.

Lately there is a large amount of investment education/advises available on the internet. Yet browsing through them and learning everything takes a large burden of those who are already buys making ends meet. Natural language processing and AI assisted search engines can directly answer specific questions from users after analysing all the available information on the internet. 


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Great article. Betterment is a good example of this trend.

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