AI Projects in Banking
“Artificial Intelligence” (AI) and “digitization” are two of the hottest buzz words when discussing advancements in banking technology. According to Investopedia, AI “refers to the simulation of human intelligence in machines that are programmed to think and act like humans” (Frankenfield 2020) and digitization is the convergence of data, in this case banking data, to a digital format that is used to provide products and services to end users. While AI and digitization are common terms in today’s discussions about advancements in banking technology, discussions of AI originated in 1956 when the term was first coined by a computer and cognitive scientist named John McCarthy. Progress in AI applications ...
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