TheFinTechConsultant

Last night I attended Pete Trainor’s talk on the Future of AI in FinTech and I thoroughly enjoyed it. The talk focussed on the use of AI as a tool within Financial applications to identify risks to the user’s mental health. In effect, indicators like credit card debt or unusual spending habits are identified and as a result help is offered to hopefully prevent any harm coming to the user, with a real emphasis being placed on reducing suicide rates. Firstly, I think the idea is absolutely brilliant and the use of technology to possibly save lives can only be applauded. I also think the tech involved is really cool! The ability of AI to learn what is and isn’t normal behaviour using the data created by the individual and then to tailor its response based upon this is a brilliant idea. In my last post I wrote about the use of Open Banking and “The FinTech Revolution”. This is a brilliant example of that revolution, the use of technology to bring Financial services into the