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How AI Is Becoming Integral to Fintech Security
Feb 17, 2022 - Security Boulevard
Forward-thinking financial institutions already understand that properly deployed AI can yield worthy benefits – not just when it comes to making the sector more efficient, but in providing a more intuitive, engaging user experience. According to a Business Insider report, 80% of banks understand that AI technology is fast becoming standard-operating-procedure. A similar number are already investing in research and acquisition programs designed to adapt to the obvious future.
The centrality of AI technologies to the financial sector today is also forcing developers and business managers alike to re-think the way they refer to new developments in the industry. A decade ago, any consumer-facing application that dealt with finance was referred to as part of the “fintech landscape.” Today, the division between “fintech” and “finance” is all but invisible – DevOps approaches are now used in banking and financial institutions and examples of AI in fintech are all around us.
In this article, we’ll look at this emerging confluence and the reality that the financial and technology sectors have grown ever more indistinguishable. The case studies below represent, to our mind, some of the most exciting new developments.
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