IPCapital Is Speeding Up the Adoption of AI Technology in the Fintech Industry
In the 21st century, fintech companies are moving more rapidly towards agile workflows and systems. Such a phenomenon has primarily stem from a need to adapt for changes in consumer behavior and regulations, all the while facing threats from non-traditional competition.
According to a report by McKinsey, automation is the “focus of intense interest” within the financial industry, and amongst banks in general. Many fintech companies are now in the midst of deploying the latest technologies that can automate their standard operations, which can raise productivity, reduce costs, and improve customer experience.
Artificial Intelligence in the Fintech Industry
There are clear success stories on the implementation of automation and artificial intelligence (AI) in the financial indus...