How AI is powering the future of financial services

  • “Fintechs are creating more intuitive and personalised interactions between customers and their finances using recommendation engines, conversational AI, and deep learning fraud detection models.
  • NerdWallet, a fintech focused on personal finance, uses machine learning in its recommendation engine to match its customers with the best-fit financial products, such as mortgages and insurance.
  • Square, a financial services and digital payments fintech, uses conversational AI to power its virtual assistant that understands and provides help for 75% of customer’s questions, and reduces appointment no-shows from potential customers with sales teams by 10%.”

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