Digital Transformation in Finance: How Machine Learning is Redefining Financial Services and Overcoming Technology Debt
Last Updated on November 6, 2023 by Editorial Team
Author(s): Francis Adrian Viernes
Originally published on Towards AI.
The Critical Role of Machine Learning in Finance, the Overlooked Backend Problem and the Way Forward
Photo by Markus Winkler on Unsplash
When talking about digital transformation in financial services, two things come to mind as critical issues: the importance of traditional finance function and the cost of “technology debt”.
In this article, I will discuss how machine learning serves as the bridge between these two topics, and therefore, how it has become a critical tool in the digital transformation officer’s toolbox. We’ll use an example and discuss how a successful transformation in these traditional functions involves looking at the backend processes as well.
The need for digital transformation in finance isn’t just a beauty contest to keep up… Read the full blog for free on Medium.
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