Artificial Intelligence & Your Finances

"I believe that at the end of the century, the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted. –Alan Turing"

- Dr. Jyotsna Joshi

50 years back, when Alan Turing quoted the statement he somehow had announced the birth of Artificial intelligence and his invention do made us believe that machines can really think and talk as human.

Recently, During an annual conference of Google held at California, the CEO Sundar Pichai introduced Duplex; a virtual assistant, which was asked to fix a salon appointment by making a call to the concerned, talking to them and negotiating as and when required. The Duplex gained appreciation for making the call as good as we do.

India and FinTech 

Fintech is a merger of technology and finance to combine together to become a better version of services with an objective to bring ease and speed in delivery of financial services.The history of fintech goes as early as 1950s, but the formative years of Fintech in India is actually 2015.

A report published recently by Asia House says that the “Annual returns on FinTech (financial technology) investment in India are highest worldwide at 29 per cent, compared to Asia’s average of 25 per cent and the global 20 per cent standard”.

India is at present evolving gradually under the umbrella of technology. It is still in its nascent phase, as compared to USA and UK. But the future of India’s financial ecosystem from the perspective of technology is definitely prosperous for the consumer as well as the service provider.