AI In FinTech: On The Verge Of Revolution

I Know First was featured by Skelia as one of the FinTech companies coming up with fresh ideas regarding market prediction. Skelia is a global enterprise that works between in Europe and United States as a supplier of media to support companies. As such, it provides software development, engineering and outsourcing services.

Skeila is focusing on AI as an excellent resource in terms of efficiency and also in terms of savings to propose new business solutions.

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The article provided a detailed holistic overview of how AI is transforming FinTech companies. It referenced an article by next autonomous which claims that “over $1 trillion of today’s financial services cost structure is exposed to replacement by machine learning and AI.” The article further outlined how the adoption of any new technology aims at adding efficiency and better experience to routine processes. It then highlighted innovative companies in each sub-sector within the FinTech field that are using AI to provide a more efficient and cost-effective service.

Some of these fields included customer service, credit scoring models, insurance support, investment analysis and security. Skelia pointed out how I Know First is using AI technology and machine learning to generate market predictions. It explained how “Artificial intelligence is used by some funds and trading companies to predict market movements. Time series provide a vast source of information for deep learning, and companies try to leverage AI for analysing indexes, futures, prices.”

I Know First subscribers receive a Daily Stock Market forecast in the form of Heatmaps for 6 different time horizons for about 10,000 assets which I Know First analyses. Below is an example:

Click here for instructions on how to read the I Know First heatmap.

Artificial intelligence is used by some funds and trading companies to predict market movements of indices, futures’ prices, etc. There are several areas where FinTech companies can adopt and develop artificial intelligence solutions both for improving business processes and increasing customer satisfaction.

About Skelia

Skelia is a global company providing software development, engineering and outsourcing services. Skelia operates through a global network of offices in Luxembourg, the United Kingdom, the Netherlands, Ukraine, Poland and the United States. The main industries to wich they advise are E-Commerce, Software and Cloud, Engineering & IoT and Digital Media. Skelia masters a number of technologies. They find and attract qualified specialists within a broad range of skills and technologies, such as Microsoft Development, Java Development, PHP Development, and more.


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I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. Thus, the company’s algorithm predicts over 8,000 securities (and growing). Thus, it has capabilities to discover patterns in large sets of historical stock market data.

The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms. Moreover, the algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium and long-term time horizons.

For more information, visit I Know First.