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It has been seen that FinTech’s early days were marked by digitised payments and e-wallets. Even as emerging technologies gained more popularity, banks and other established financial institutions remained wary of largescale deployments. However, the sector couldn’t resist the lure of AI and data science for too long. The use of AI in financial services today has become so prevalent that it is being used by every organisation in the sector, such as banks, insuretch, credit card companies, trading platforms, cryptocurrency exchanges, stock exchanges and even the market regulator SEBI in India.
Let’s take an overarching view of the various applications of AI in the FinTech sector.
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