Financial advisors and banks combine information about their clients to be able to easily get a clear picture of that client’s finances. In addition, it adds an extra layer of protection for the client.
Consultants and planners hit a wall when their clients don’t give them full access, and they claim it doesn’t give them the full picture they need to provide accurate financial advice to their clients.
– Aggregation benefits both parties, but the benefit goes to the financial advisor, who may or may not see a gap in customer service where they can sell the product or service for more.
Fintech refers to the integration of technology into the offerings of financial services companies in order to improve their use and delivery to consumers.
High-speed data streams are ultra-low latency data connections that provide real-time information and execution for algorithmic and high-frequency traders.
Knowledge engineering is a field of artificial intelligence (AI) that develops rules applied to data to mimic the thought process of a person who is an expert in a particular field.
Natural Language Processing (NLP) uses computer algorithms and artificial intelligence to enable computers to recognize and respond to human communication.
Neural networks are a set of algorithms that mimic the work of the brain of animals to recognize the relationships between huge amounts of data.
“Thus, they tend to resemble the connections of neurons and synapses in the brain.