AI has proven to be such a success in the financial technology sector as it provides a massive boost to security.
Financial technology can be improved significantly with technologies that fall under the AI umbrella, such as machine learning, data analytics, neural networks, and more.
The increasing sophistication of artificial intelligence has resulted in chatbots, virtual helpers, and artificial intelligence interfaces that can reliably interact with customers.
For finance services such as banks and insurance companies, client profiling is based on their risk score which is very critical.
Algorithmic trading uses a pre-programmed set of instructions to analyze data and helps in decision-making faster than humans.