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Artificial intelligence: Shaping the future of FinTech

banking

Ben Robinson, chief strategy & marketing officer at banking software firm Temenos, explains how the future of finance will be shaped by artificial technology.

Google’s DeepMind triumph this year over one of the world’s highest ranked champions at Go is a sign: computers with artificial intelligence (AI) are learning how to outperform us.

If computers can learn to beat us at a game, why not at things that we can’t afford to get wrong – medical diagnostics, risk analysis, legal and investment advice? And what effect over time – say 20 years – will this have on the way a host of services, such as banking, are delivered?

Eliminating human error

“Service will be all about data and algorithms,” David Brear, co-founder and CEO at 11:FS recently suggested....