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They are betting so hard on A.I., but a bank only has to do a couple of things. - transfer money cheaply, fast and easy - fix/ detect abuse and stop malicious
by NicoJuicy 7y ago
They are betting so hard on A.I., but a bank only has to do a couple of things.
- transfer money cheaply, fast and easy
- fix/ detect abuse and stop malicious wire transfers
- advise rich clients
- make it possible to automate things ( eg. An API )
- give loans
I'm not really sure how A.I. would give the edge. Some things can be automated, but if everyone would do this. The one who doesn't automate and gives more personal advice will have the client's preference.
I think the minimum should be an open bank Api though.