Digital Transformation in Finance: How Machine Learning is Redefining Financial Services and Overcoming Technology Debt

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

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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.

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Published via Towards AI