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The relation between artificial intelligence and fin-tech

The relation between artificial intelligence and fin-tech

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The relation between artificial intelligence and fin-tech.

Artificial intelligence trend has been surging up as the hot topic in the recent year. Furthermore, the speed is so fast that can describe as “what was yesterday’s hot topic quickly become tomorrow recent news?” There is a surge in search of “Artificial Intelligence” in Singapore google as shown May 2017 in the chart below. That shows that every day, there is innovation in technology. Most noteworthy, the core of the technology evolved around the use of the computer to analyse data using Artificial Intelligence.

artificial intelligence trend in fintech
Search in Google trend of “Artificial Intelligence” in Singapore

I feel like weekly there is a technology breakthrough. Especially in the financial industry which targeted to replace some of the tasks that previously done by humans. If you don’t already understand what IoT, AI, VR, AR, and bots mean, please don’t any wait further. I recommended you to quickly take 5-10 minutes to find and understand them as these technologies areas are the hot zone of how the information is created, collected, understood, and communicated.

Convert Data to useful information and use them to assist you

In the digital age, “data is money.” Financial services’ business models, processes, costs, risks, and user experience. All are getting perpendicular throughout this wave of transformation. It’s accepted that financial institutions area is returning below increasing pressure from college giants and FinTech start-ups. To understand it further, please continue reading this post. While many attention was targeted around bots ever since the FacebookF8 last month, and the new emerging virtual assistants and virtual agent Skipper McCoy is AI (Artificial Intelligence)

Artificial Intelligence on the way aspect Bots

Artificial Intelligence (AI) is that the idea and development of portable computer systems which will perform tasks that sometimes want human intelligence like perception, speech recognition, decision-making, and translation between languages. In addition, It might also be customised to analyze the knowledge created by IoT, social media, mobile phones, and various sources turn out active learning analytics which will produce a virtuous circle.

Artificial Intelligence in commercial product.

Not too antecedently, AI appeared a far flung dream for many. Today, it’s all around United States. We tend to feature AI in our pockets, cars, and much of services we tend to use throughout the day. Google Translate, Apple’s Siri, and even the machine-controlled voice that responds to shopper care calls area unit all decent samples of the presence of AI around U.S.
AI is not new the earth, as it is black magic in manipulating data. However, it’s getting smarter by the day and progressing towards “general intelligence” on its path to “super intelligence.” Look how interesting that you can take great photos and at a different height or angle using this Droid..It just makes me believe artificial intelligence really awesome! Below video shows the GoPro camera captured video. Image below is GoPro Karma with Harness for HERO5.

 

 

I hope this info is helpful to you. Please share with your friend by clicking the share button below. if you have an opinion on this topic, please leave your comment below.

Patrick Goh Mr. Patrick Goh B.S is a research engineer with more than 10 years in industry of IT, Engineering and Financial market experience. In 2013, he joined financial institute’s research team as R&D software engineer mainly researching on technical analysis, inter-market correlation and fundamental factor in leveraged trading instrument using machine learning technique and programming algorithmic trading strategy by quantifying trader sentiment behind the price movement.

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