AI in Fintech and the Future of Financial Services
People often throw around the term artificial intelligence or AI. Businesses use it as a trendy phrase to gain attention, create customer interest, and boost sales. But the reality is that artificial intelligence is frequently misunderstood and misused. Let’s set the record straight on common misconceptions — and preconceptions — about artificial intelligence as well as take a look at the top use cases of AI in financial services.
AI glossary: Machine learning, deep learning, natural language processing
Before we go into too much detail, let’s take a minute to talk about AI-related terms that are often used interchangeably but have particular meanings. People tend to call lots of things artificial intelligence, but in fact AI is an umbrella term that embodies many subsets of technologies including machine learning (ML), deep learning (DL), and natural language processing (NLP).
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