- KredX Editorial Team
- 25 Mar 21
- Thought Leadership

Artificial intelligence (AI) has conquered the tech world by a breeze. It has been increasingly utilised in the fintech space and has automated almost every internal process, boosting the bottom line. In light of the same, we spoke to Akash Pandey, Data Scientist, KredX, about how the amalgamation of AI and fintech has revolutionised the entire sector and here's what he had to say.
Modern-day finance is driven by technology. The widespread adoption of data-driven decision making has projected AI further at an incredible pace.
AI techniques are used to mimic human-like decision making. Due to the availability of a high volume of historical financial data, AI has found its application in credit scoring, quantitative trading, banking, fraud detection, loan approval, and asset management.
Let's expound on some of the most prominent applications of AI in finance.