When Finance Meets AI: The Rise of Large Language Models and their Impact on Fintech
Dave Tonge, Moneyhub's CTO and pioneer of Open Banking and Open Finance, explores the evolution of AI in Fintech and the recent advances in large language models (LLMs), with all of the dangers and benefits they bring.
This white paper addresses where we've been and where we're going in the world of AI, covering:
An overview of how AI has infiltrated the Fintech industry throughout the decades
A breakdown of and context for large language models
A philosophical reflection on the originality of content creation, raising healthy skepticism around the assumed originality of human-created content
The opportunities of Fintech's use of AI, along with the associated cautions for ourselves and end-user customers
