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The Advancement of Automation

Though technologies of automation and artificial intelligence (AI) are not new, recent advancements are pushing the limits of what devices can do. There have been remarkable developments of AI, machine learning, and robotics that are bringing automation to a whole new level. The intelligent automation lead of Avanade UK and Ireland, Max Vicino, discussed the …

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How Artificial Intelligence is Revolutionizing the Financial Services Industry

Fintech is on an innovative spree, revolutionizing the financial services industry. One of the technologies that have played a role in this innovation is Artificial Intelligence.  Artificial Intelligence (AI) is the stimulation of human intelligence by computer systems. Financial service providers are after AI to help automate their processes. The benefit of implementing AI for …

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Chatbots Impact on Fintech and Banking

Within the last few years, there has been a huge shift in the banking and financial sector as financial technology has become increasingly popular. Chatbots are one of the technologies that have revolutionized customer experience in the banking world.  A chatbot is an artificial intelligence (AI) software program that simulates human conversation. Users communicate through …

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Europe’s New Artificial Intelligence Rules’ Effects on Businesses 

In April, the European Commission came out with the statement to regulate artificial intelligence. Their goal is to turn Europe into a global hub that uses trustworthy Artificial Intelligence through the combination of a legal framework on AI and a new Coordinated Plan with the Member States. The new rules are greatly endorsed by privacy advocates. While it …

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How the Stock Market is Being Changed by Fintech

The story of the past decade in the space of finance is the rise of financial technology companies and their ability to change the way we interact with banks to investments. Now it’s revolutionizing the way many investors are participating in the stock market. There are a number of business that offer services to average …

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Banking Technology Trends for 2021

Financial technology, often shortened to fintech, has been making great strides in improving financial industries. Examples of markets that have improved due to fintech include the mortgage lending and insurance industries. Another industry that will begin to implement these revolutionary technologies is the banking industry. The Covid-19 pandemic has affected every facet of human life, …

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AI and the Mortgage Industry

In this age of technology and digitalization, it will be hard to find a person who hasn’t heard of Artificial Intelligence. Whether it be Apple’s implementation of the virtual assistant, Siri, or Tesla’s fleet of self-driving vehicles, consumers have had many experiences recently with AI and it is changing the way many things are done. …

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The Role of Artificial Intelligence in Mortgage Technology

Artificial Intelligence (AI) is a key factor in the development of mortgage technology. Considering the health and economic problems created by the COVID-19 pandemic, digitalization continues to drive market preferences and allows for advancement. Industry professionals claim the pandemic is acting as a significant trigger for digitalization for the mortgage process.      What exactly is …

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