Wealth management advice will come from bots that are free of calculation errors and faulty/biased judgement, unlike human advisors. AI and machine learning will play a key role in solving portfolio advice and equipping experts with key data points.
Current tools used to educate managers and executives to machine learning solutions are either too complicated or too confusing. Online guides are mostly theory thus making it difficult for actual implementation.
Technology has made financial crimes more sophisticated. That’s why machine learning and stream computing are better traditional rule-based systems when it comes to combating complex fraudulent activities across the financial sector
There have always been conflicting views on the potential enhancement or doom that Artificial Intelligence can cause. While some experts believe it will augment human intelligence, others believe that machine’s intelligence could become strong enough to be a cause of concern.