The current financial situation, driven by the COVID-19 pandemic, needs a significant boost. Can AI be instrumental in this?
In August, India’s GDP between April to June quarter was recorded at an abysmal -23.9%. As per the United Nation’s report, India’s economy is set to contract by 5.9% in 2020. Not just India, the economic situation is poor elsewhere in the world too. The current financial situation, driven by the COVID-19 pandemic, needs a significant boost to get back to normalcy. Can AI be instrumental in this?
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Takeaway; Before AI and the rise of FinTech, very few industry giants had the bandwidth to deal with the inherently quantitative. We’ve scoped out these real-world AI use cases so we could detail how artificial intelligence has been a game-changer for FinTech. Few verticals are such a perfect match for the improved capabilities brought by the AI revolution like the financial sector.