“FinTechs are capable of offering quality services to their customers at a comparatively lesser cost because AI enables them to control costs at each stage. They are working aggressively towards creating a more customer-friendly financial environment by removing the complexities in documentation and product delivery.” https://www.google.com/amp/s/www.entrepreneur.com/amphtml/333278
Tag: Fintech
Can AI Turn Banks Into FinTech Firms?
“A full 90 percent of consumers said their top online activity was personal banking, according to the latest edition of PYMNTS’ Digital Banking Tracker — and 60 percent reported regularly using at least one financial services app. The same thing, Priestley noted, can be said of applying AI and machine learning to anti-money laundering (AML) and…