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ARTICLE · 29 MARCH 2019

Financial Technology And Artificial Intelligence: A Disruptive Union (2)

Artificial intelligence (AI) technology continues to disrupt every aspect of our lives.

NigeriaTechnology

Artificial intelligence (AI) technology continues to disrupt every aspect of our lives. Fueled by increased connectedness, availability of abundant data, and advanced computational power, AI has been described as the foundation upon which the fourth industrial revolution will be built.1 Just as AI is forcing nations and governments to rethink their approach towards the future, another technology that continues to have a profound effect on the way we live is financial technology (FinTech). The combination of these technologies is opening up a new world of possibilities and as AI-related inventions rise, the future of FinTech is set to beat our wildest imaginations.

Although AI is still a novel concept to many and complex issues like those of trust, privacy, and regulations continue to confound us, the winters2 are over and AI is fast becoming the new electricity. Even now that many consider the whole discourse surrounding AI overhyped and overly futuristic, the truth

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