From insurance to banking and payments, technology for capturing and analyzing data from images will enhance the ability for FIs and startups alike to provide better financial products.
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Computer Vision — The Impact on Financial Services
Computer vision in financial services will serve as an enabling technology more so than a disruptive technology. While financial services players will develop an understanding of computer vision, they will not be uprooted by computer vision startups, and instead will be buying their software. Compared to other trends more central to the fintech wave of the last five years, computer vision has a clearer value proposition for early adopters.
