AI-Driven Predictive Analytics: New Opportunities for Financial Institutions

  • “Among the fundamental changes PSD2 brings to the table, is that banks are now obligated to open up their IT infrastructure to Third Party Providers. This regulation constitutes payment services companies as direct competitors of banks.

Integration with AI

  • According to a 2017 report by PWC, AI-focused FinTech start-ups have attracted investments with an average of US$1 billion. Until recently, the most common use of Artificial Intelligence in the financial sector has been the operations of virtual customer services — aka Chatbots.”

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