Since the dawn of time – or at least since Chris Skinner, Chair of the European networking forum The Financial Services Club and Nordic Finance Innovation, says farmers traded goods for coins and coins for sex (more on that later) – banks have always been leery of innovation. However tech is moving quickly, and as antiquated banking system are slow to innovate, they will get left behind. And as the Semantic Web begins to gain steam, financial systems that must also integrate itself into the internet. At present, artificial Intelligence (AI) technologies are increasingly being applied in the banking industry,…
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