Artificial Intelligence Innovation in Financial Services
Artificial intelligence technologies are permeating financial services sectors around the world. The application of these technologies in emerging markets allows financial service providers to further automate their business processes and to leverage new and big data sources to overcome obstacles, including the high cost of serving rural and low-income customers and establishing customer identity and creditworthiness, that prevent the delivery of financial services to many consumers. Realizing financial inclusion benefits through the adoption of artificial intelligence relies on its responsible adoption by firms, on competitive market settings, and on continued investment in the necessary infrastructure.
| Main Authors: | , |
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| Format: | Brief biblioteca |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2020-06
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| Subjects: | FINANCIAL SERVICES, FINANCIAL TECHNOLOGY, ARTIFICIAL INTELLIGENCE, FINANCIAL INCLUSION, SUPPLY CHAIN, TRADE FINANCE, EMERGING MARKET ECONOMIES, |
| Online Access: | http://documents.worldbank.org/curated/en/839801596184068790/Artificial-Intelligence-Innovation-in-Financial-Services http://hdl.handle.net/10986/34305 http://dx.doi.org/10.1596/34305 |
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| Summary: | Artificial intelligence technologies are
permeating financial services sectors around the world. The
application of these technologies in emerging markets allows
financial service providers to further automate their
business processes and to leverage new and big data sources
to overcome obstacles, including the high cost of serving
rural and low-income customers and establishing customer
identity and creditworthiness, that prevent the delivery of
financial services to many consumers. Realizing financial
inclusion benefits through the adoption of artificial
intelligence relies on its responsible adoption by firms, on
competitive market settings, and on continued investment in
the necessary infrastructure. |
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