FinTechs leading sector for AI adoption in risk and compliance: Moody’s

FinTech companies and artificial intelligence go hand in hand when it comes to creating innovative solutions that drive the financial services industry ahead. A recent study by Moody’s revealed that FinTechs are leading the charge for AI adoption in risk and compliance, followed by banks. Contrast to this, sectors like insurance, asset management, and wealth management have been slower on AI adoption. Here’s what the data suggests: