How AI and Machine Learning Transform Banking
A huge number of banks have been closing recently due to the development of financial services in the format of digital platforms. To avoid closure, most of them start building an online presence, following the example of successful startups that offer innovative solutions like cryptocurrencies.
The introduction of AI and ML into the banking industry appears to be a massive and multifaceted change. The coming decades promise that this development trend is not going anywhere soon.
Taking into consideration technological changes and customer requirements for banks, this is a fascinating area to study, or at least observe.
We have prepared a first-hand article bringing insights into the ways AI and ML technologies are transforming the financial sector.
