March 8, 2017
As the capabilities of AI evolve, FinTech companies will harness this technology to make better decisions and offer improved solutions. They’ll make use of predictive analytics to break down big data and analyze large volumes of consumer information. APIs will allow for seamless integration and partnerships between established banks and FinTech startups. This will create an enhanced user experience, with more intuitive interfaces, assisted customer interactions and robo-advice, experts from YapStone, processing platform that powers payments for global marketplaces and large vertical markets, predict.
Artificial intelligence (AI) is expected to bring inevitable changes into bank-customer touchpoints and FinServ companies’ value chains. Certain institutions are already working on employing AI in banking solutions – Bank of America,