Part two of the Daily Fintech series looking at artificial intelligence in financial services. Insurance is in the Thursday edition.
Artificial intelligence, which encompasses these days all sorts of ‘algorithm enabling’ technology, is creeping into our lives. Asset management and wealth management is no exception. Mentors at Fintech accelerators are advising entrepreneurs to drop the idea of creating the next Bloomberg and are suggesting a focus on AI finance. The big bang isn’t happening yet. It will happen (despite our human predictive unreliability) and I foresee it unfolding incrementally.