In addition to the above technological trend, investors across the world are taking a large amount of interest in financial technology (Fintech) companies. In fact, investment in Fintech organizations rose by approximately 10% to just over $23 billion in 2016 alone. Fintech and AI expert Kapil Dhingra, founder of Pixmettle says “AI helps in flagging duplicate expenses and expenses with corporate policy violations early on, even before they get added to the system. Offering Game Changing InsightsOne of the most valuable benefits AI brings to organizations of all kinds is data. Balancing Consumer Budgets Based on Spending PatternsAs mentioned above, AI is playing an important role in empowering both consumers and Fintech companies.

Source: Huffington Post November 27, 2017 17:37 UTC