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    How Is Ai Affecting Fintech

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    AI is affecting fintech in several ways. It is transforming the financial industry by increasing the speed, accuracy, and efficiency of financial services through innovative solutions that improve customer experience. However, AI can also be harmful if it leads to issues like product steering, discriminatory pricing, unfair credit rationing, exclusionary filtering, and digital redlining. Research into AI has drastically increased worldwide with a focus on shared prosperity, fulfilling jobs, and civic empowerment through various career opportunities in areas like data science, machine learning, and cybersecurity.

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    How Is Ai Affecting Fintech

    Uploaded by

    api-688079199
    61 views13 pages
    AI is affecting fintech in several ways. It is transforming the financial industry by increasing the speed, accuracy, and efficiency of financial services through innovative solutions that improve customer experience. However, AI can also be harmful if it leads to issues like product steering, discriminatory pricing, unfair credit rationing, exclusionary filtering, and digital redlining. Research into AI has drastically increased worldwide with a focus on shared prosperity, fulfilling jobs, and civic empowerment through various career opportunities in areas like data science, machine learning, and cybersecurity.

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    AI is affecting fintech in several ways. It is transforming the financial industry by increasing the speed, accuracy, and efficiency of financial services through innovative solutions that improve customer experience. However, AI can also be harmful if it leads to issues like product steering, discriminatory pricing, unfair credit rationing, exclusionary filtering, and digital redlining. Research into AI has drastically increased worldwide with a focus on shared prosperity, fulfilling jobs, and civic empowerment through various career opportunities in areas like data science, machine learning, and cybersecurity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    61 views13 pages

    How Is Ai Affecting Fintech

    Uploaded by

    api-688079199
    AI is affecting fintech in several ways. It is transforming the financial industry by increasing the speed, accuracy, and efficiency of financial services through innovative solutions that improve customer experience. However, AI can also be harmful if it leads to issues like product steering, discriminatory pricing, unfair credit rationing, exclusionary filtering, and digital redlining. Research into AI has drastically increased worldwide with a focus on shared prosperity, fulfilling jobs, and civic empowerment through various career opportunities in areas like data science, machine learning, and cybersecurity.

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    © All Rights Reserved
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    of 13

    HOW IS AI

    AFFECTING
    FINTECH?
    JIMENA ALEGRIA
    3RD BLOCK
    WHAT IS AI?
    the theory and development
    of computer systems able to
    perform tasks that normally
    require human intelligence,
    such as visual perception,
    speech recognition, decision-
    making, and translation
    between languages.
    INCREASED INTEREST IN AI AND DATA
    SCIENCE
    Research into AI has drastically increased
    around the world. Europe and China saw the
    highest output of AI-related research. Work in
    China in particular has increased by 150
    percent over the past decade.
    RESEARCH OPPORTUNITES
    Shared economic prosperity
    Realigned companies
    Flexible labour markets
    Human-centric AI
    Fulfilling jobs
    Civic empowerment and human flourishing
    AI/Machine Learning Researcher
    AI Software Development
    startup opportunities
    digital advertising software
    medical equipment
    cybersecurity
    healthcare
    E-learning
    AI in retail
    Internships and Employment
    data scientist
    data learning research intern
    robotic engineer intern
    machine learning
    Hackathons and Competitions
    The growing scope of AI has made it one of the most
    popular themes at hackathons worldwide. You don’t have
    to be a coder to participate in hackathons. If you are an
    innovator with a passion for AI, a hackathon is a good
    platform to meet other AI enthusiasts and build
    innovative solutions. Apart from attending hackathons,
    you can also solve programming challenges involving
    interesting ML questions.
    Ethical and Regulatory Focus

    It is an initial attempt at mapping of the United States of


    America’s (“US”) laws and regulations regarding artificial
    intelligence (“AI”) and robotics, with a special focus on a
    few key issues, including human rights, new AI & robotics-
    specific legislation, new regulatory bodies, significant case
    law, and any other relevant legal developments.
    FINANCIAL INCLUSION

    Financial inclusion is the goal of


    making financial services accessible
    and affordable for everyone
    .Data Analysis and Predictive Modeling

    predictive modeling is a statistical


    technique using machine learning and data
    mining to predict and forecast likely future
    outcomes with the aid of historical and
    existing data.
    Risk Management

    Risk management is the art


    of anticipating and
    reducing potential threats
    to an organization's goals
    and resources
    cybersecurity
    Cybersecurity is the
    practice of protecting
    digital systems and
    data from malicious
    attacks.
    AI intelligence is affecting financial technology in some good and
    in some bad ways. For example, there are some benefits like
    transforming the financial industry by increasing the speed,
    accuracy, and efficiency of financial services. AI technology is
    being used to create innovative solutions that improve customer
    experience. AI can also be harmful to financial institutions. For
    example, it can lead to legacy problems like product steering,
    discriminatory pricing, unfair credit rationing, exclusionary filtering,
    and digital redlining.

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