{"id":412,"date":"2017-01-26T16:44:14","date_gmt":"2017-01-26T16:44:14","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=412"},"modified":"2017-01-26T16:44:14","modified_gmt":"2017-01-26T16:44:14","slug":"artificial-intelligence-and-the-transformation-of-banking","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/01\/26\/artificial-intelligence-and-the-transformation-of-banking\/","title":{"rendered":"Artificial Intelligence and the Transformation of Banking"},"content":{"rendered":"<p>Artificial intelligence has been introduced into the world of banking via a new application called Finie. This app uses highly specialized AI engines that adapt to and learn from user requests. Users can ask questions like, \u201cCan I afford to buy groceries this week?\u201d or \u201cHow much did I spend eating out last year?\u201d This kind of technology is a step above the AI technologies we see in Siri, Echo, and Alexa which are more simply programed to respond to a preset cadence. The article brings up the point of Finie-type technology being integrated with Apple Pay. Although a great thought, I find possible future issues with this type of integration.<\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Finie is already integrated into mobile banking applications<\/span>\n<ul>\n<li><span style=\"font-weight: 400\">Apple does not have this technology so it is at a disadvantage to be truly competitive<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-weight: 400\">Type of regulations that will be put in place as mobile banking is still an emerging market<\/span><\/li>\n<li><span style=\"font-weight: 400\">Undercutting the number of jobs in banks and for accountants<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Despite these issues, the promise of evolving financial applications like Finie, provide for a dynamic marketplace in which consumers have more options in how to manage their finances ultimately pushing for the banking industry to evolve. \u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial intelligence has been introduced into the world of banking via a new application called Finie. This app uses highly specialized AI engines that adapt to and learn from user requests. Users can ask questions like, \u201cCan I afford to buy groceries this week?\u201d or \u201cHow much did I spend eating out last year?\u201d This &hellip; <a href=\"https:\/\/blogs.scu.edu\/finis\/2017\/01\/26\/artificial-intelligence-and-the-transformation-of-banking\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Artificial Intelligence and the Transformation of Banking<\/span><\/a><\/p>\n","protected":false},"author":863,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-412","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"nneumann","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/nneumann\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/blogs.scu.edu\/finis\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"Artificial intelligence has been introduced into the world of banking via a new application called Finie. This app uses highly specialized AI engines that adapt to and learn from user requests. Users can ask questions like, \u201cCan I afford to buy groceries this week?\u201d or \u201cHow much did I spend eating out last year?\u201d This&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/863"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"predecessor-version":[{"id":413,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/412\/revisions\/413"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}