Top tips is a weekly column where we highlight what’s trending in the tech world today and list out ways to explore these trends. This week, we’re examining four use cases for AI in the ever-growing FinTech sector. The FinTech sector has transformed the discussion around the financial services industry from top to bottom.
Fintech, an abbreviation for financial technology, encompasses many firms and technologies that employ innovation and tech to enhance and automate financial services and operations. Their goal is to enhance the efficiency, accessibility, and user-friendliness of financial services. Fintech entities span numerous sectors within the financial industry, such as online payments, lending, digital banking, investing, insurance, and more, all aimed at streamlining financial processes.