Daniel Huszár, Editorial Board Member of TRF News and Head of Sales, efcom, discusses about artificial intelligence and its impact on receivables finance industry.
Artificial Intelligence (AI) is already impacting all of our lives. Prominent examples for current uses are virtual assistants, such as: Alexa, Siri and Google Assistant. Curated (Spotify) playlists based on individual musical taste is another. AI can analyse numerous types of data, such as language rules to be able to translate into another language or to recognise speech. Individual behaviour is another interesting field, especially for risk analysis within financial products.