{"id":17226,"date":"2023-07-27T10:23:29","date_gmt":"2023-07-27T10:23:29","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17226"},"modified":"2023-07-27T10:23:29","modified_gmt":"2023-07-27T10:23:29","slug":"how-ai-is-disrupting-fintech","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/how-ai-is-disrupting-fintech\/","title":{"rendered":"How AI Is Disrupting Fintech"},"content":{"rendered":"<p>According to Grand View Research, the volume of AI tools in fintech reached USD 9.45 billion in 2021, with experts predicting this to continue to rise at a rate of 16.5% through 2030. Here are a few key ways AI is disrupting fintech:<\/p>\n<ul>\n<li><strong>Enhanced fraud detection<\/strong> \u2013 AI can process volumes of data and deliver unique security solutions that track suspicious behavior and identify fraudulent activities. AI-powered security systems will boost user trust, leading to better user acquisition and retention rates as well as increased capital fundraising.<\/li>\n<li><strong>Personalized user experiences<\/strong> \u2013 personalization is becoming the leading trend for fintechs, especially among neo banks startups. AI can personalize customer assistance by analyzing customer requests and previous experiences to better understand each customer\u2019s intentions and needs.<\/li>\n<li><strong>Credit risk evaluation<\/strong> \u2013 AI can make credit assessments by analyzing a vast amount of publicly-available information, including financial records, credit histories and even social media profiles.<\/li>\n<li><strong>Financial market forecasts<\/strong> \u2013 while data-driven investment decisions are nothing new, there is an increasing trend to use AI solutions to conduct market analyses. This is particularly the case among crypt enthusiasts.<\/li>\n<li><strong>Compliance<\/strong> \u2013 AI-driven tools can track transactions and user behaviors, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17226 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How financial institutions are supporting SMEs in the CIS and the Caucasus with non-financial services'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-financial-institutions-are-supporting-smes-in-the-cis-and-the-caucasus-with-non-financial-services\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/06\/b73920ff-8084-400c-8eb2-fef665f4eeec1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15030\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15030'>\n\t\t\t\tHow financial institutions are supporting SMEs in the CIS and the Caucasus with non-financial services\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top Fintech Trends for the Second Half of 2022 (Infographic)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-fintech-trends-for-the-second-half-of-2022-infographic\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/09\/88efd819-6444-0a28-de37-4a8260eab1c41-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16825\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16825'>\n\t\t\t\tTop Fintech Trends for the Second Half of 2022 (Infographic)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='COVID-19\u2019s impact on P2P lending'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/covid-19-s-impact-on-p2p-lending\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/investment-3247252_1280-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14933\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14933'>\n\t\t\t\tCOVID-19\u2019s impact on P2P lending\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to Grand View Research, the volume of AI tools in fintech reached USD 9.45 billion in 2021, with experts predicting this to continue to rise at a rate of 16.5% through 2030. Here are a few key ways AI is disrupting fintech: Enhanced fraud detection \u2013 AI can process volumes of data and deliver &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17226"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17226"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17226\/revisions"}],"predecessor-version":[{"id":17227,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17226\/revisions\/17227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17216"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}