limitedDistribution · Industry Research
AI in Fintech: A Guide for Businesses | Stripe
AI in fintech refers to the use of machine learning models, large language models (LLMs), and statistical pattern recognition to power financial products, services, and infrastructure. AI models now handle unstructured data, generate human-readable outputs, and operate across workflows that previously required human judgment.
AI in fintech is revolutionizing financial services by leveraging machine learning and large language models to handle unstructured data and enhance product delivery.
Executive Summary
Banks have used scoring models for credit risk management for more than half a century, and card networks have run machine learning–based fraud detection models for years. What's changed is the scope. Artificial intelligence (AI) models now handle unstructured data, generate human-readable outputs, and operate across workflows that previously required experienced human judgment. AI in financial technology, or fintech, refers to the use of machine learning models, large language models (LLMs), and statistical pattern recognition to power financial products, services, and infrastructure. The shift is changing how financial products are built, priced, and delivered.
Source: Stripe
Original Article: https://stripe.com/resources/more/ai-in-fintech-what-it-does-where-it-works-and-what-to-watch-for
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