How AI is disrupting the financial ecosystem

How AI is disrupting the financial ecosystem

Although Artificial Intelligence (AI) was originally introduced in the 1950s, it has achieved new prominence recently as computational power has increased and the amount of and access to data has exploded. Everything from business operations, customer service, and marketing to risk management and compliance are starting to benefit from the applications of AI. As pressure mounts due to factors like rising regulatory requirements, competition from new market entrants, heightened expectations from consumers, increasingly sophisticated digital threats, the financial services industry is expanding its use of AI technologies.