Here Come The Robots To Financial Services: Ready, Set…

Machines. They are capable of inspiring both awe and fear. Especially when it comes to machines with a mind of their own, otherwise known as artificial intelligence. Nowhere is this more true than in the financial services sector. AI is a potential savior at a time of diminishing market returns; AI is a source of unknown and possibly unlimited risks. Of course, artificial intelligence is nothing new. The term “machine learning” was coined back in 1959: it was defined as the ability of computers to learn without being specifically programmed. But AI has an exponentially greater impact on business and daily human life today than it did a few years ago. What is different is the amount of data available to artificial intelligence systems. “The growth of social networks, mobile…


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