How AI is Transforming Wealth Management
Does the Idea of placing your trust in one single advisor to transform and manage your wealth seem quite stressful? Well the future of wealth management looks like it could be dominated more so with AI. Wealth management is being transformed and brought into a world where client e-mails are responded to with AI predictive responses
AI and Financial Services
AI today is advancing at a rapid pace and one of the biggest industries that is interested in investing in this new type of technology is that of finance. Many banks and lending institutions are interested in ramping up their AI development so that they could one day have an AI that could handle a variety of functions at their financial institution.
Artificial Intelligence 101 – Introduction to AI
Artificial intelligence is something that is being talked about more than ever. The term AI is something that has been around since the 1950s as the idea of creating a machine that can learn. Today there are many companies that are advancing computing power and working on research and development of an AI that could continuously solve problems.
Five Misconceptions on Online Marketplace Lending
Online marketplace lending is exploding in popularity among consumers and investors all over the world. This sector only got its start in 2005 with a few daring European firms. Today, the global value of this industry exceeds $180 billion, and is expected to shortly top $200 billion.
What Are FICO Scores and How Do They Affect U.S. Consumer Credit?
FICO scores are a type of credit score that is widely used by lenders when assessing credit risks for consumer borrowers. While not usually the only factor, FICO scores weigh heavily on almost every kind of consumer credit decision including mortgages, credit cards, auto loans, and even store credit cards.
Origins of Online Marketplace Lending
Finance buzzwords come and go, but the truth is that while “marketplace lending” is a term that has only been bandied about for a decade, the concept itself can be traced back to the roots of civilization itself. The concept of ‘interest’ was also invented, except back in the day you would trade goods for harvest grain or base a contract on verbal agreements.
The Advantages of Blockchain for Data Security
Data security is one of the biggest threats for all internet-connected companies. However, financial firms tend to be especially attractive targets for thieves and other cyber criminals. Often it seems the companies and hackers are in a cyber security arms race, and that the hackers are winning.
How Technology is Increasing Transparency
The ever-increasing pace of technological advancement has unleashed a lot of powerful forces in societies around the world. One of the forces that are changing the way financial consumers form business relationships is transparency. All across the world there is now a greater thirst for transparency than ever before.
How FinTech is Reshaping Wealth Management
Despite a running start of over two centuries, in just a few short years, traditional wealth management models have discovered that every facet of their basic business models are under threat both perceptually and economically from hundreds of new entrants.
What You Need to Know About FinTech and Financial Services
One of the fastest growing sectors of the current tech boom has been FinTech. FinTech includes companies as internet payment giant PayPal, a cloud-based human resources platform called Zenefits, and a consumer credit monitoring and repair service called Credit Karma.
