How to Use “AI” Robo-Advisors.

How to Use “AI” Robo-Advisors.

HomeMoney Top Videos.How to Use “AI” Robo-Advisors.
How to Use “AI” Robo-Advisors.
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Have you ever dreamed of a magical helper to manage your money, predict risks and make smart financial decisions?

Imagine that these helpers are real, intelligent machines. Imagine a world where you never miss investment opportunities or fall victim to fraud because your AI assistant is in control.

Welcome to the enchanting world of artificial intelligence (AI) in finance. Here at /"Money Top Videos/" we dive into how AI is revolutionizing the financial landscape. We will explore every AI tool in the financial world, with detailed explanations and links below.

• The trading wizards
o Algorithmic trading: AI assistants analyze data to discover patterns and make quick stock trading decisions.
 Software: QuantConnect https://www.quantconnect.com, MetaTrader https://www.metatrader.com

o High-frequency trading (HFT): AI executes thousands of trades in seconds and finds price differences for profit.
 Software: Citadel Securities HFT platform https://www.citadelsecurities.com, Jump Trading https://www.jumptrading.com

• The fortune tellers of risks
o Credit scores: AI looks at more data, such as online behavior, for accurate assessments of creditworthiness.
 Online App: Credit Karma https://www.creditkarma.com, Experian Boost https://www.experian.com/boost

o Fraud detection: AI continuously scans transactions to detect and prevent fraud.
 Software: Actimize https://www.niceactimize.com, SAS Fraud Framework https://www.sas.com/en_us/solutions/fraud-detection.html

• The friendly financial helpers
o Chatbots and virtual assistants: 24/7 AI helpers handle routine tasks and customer queries.
 Online app: Erica from Bank of America https://www.bankofamerica.com/erica, Ally Bank's Ally Assist https://www.ally.com/ally-assist

o Personalized financial advice: AI offers tailor-made advice based on your expenses, income and investments.
 Online App: Wealthfront https://www.wealthfront.com, Betterment https://www.betterment.com

• The guardians of wealth
o Robo-advisors: AI manages investment portfolios and adapts to keep investments on track.
 Online App: Wealthfront https://www.wealthfront.com, Betterment https://www.betterment.com

o Predictive analytics: AI predicts market trends to help manage investments.
 Software: Tableau https://www.tableau.com, IBM Watson Analytics https://www.ibm.com/watson-analytics

• The Shields of Compliance
o RegTech: AI automates compliance checks for anti-money laundering (AML) and know-your-customer (KYC) requirements.
 Software: ComplyAdvantage https://www.complyadvantage.com, IdentityMind Global https://www.identitymindglobal.com

• The sentinels of safety
o Cybersecurity: AI detects and responds to cyber threats in real time.
 Software: Darktrace https://www.darktrace.com, CrowdStrike Falcon https://www.crowdstrike.com

As we enter this new era of financial magic, AI is transforming the way we trade, assess risk, serve clients, manage portfolios and ensure security.

It's like having a team of tireless, super-intelligent helpers working around the clock to make the financial world smarter, more secure and more efficient. The journey of AI in finance has only just begun, promising a future full of even more amazing innovations.

Now that we've explored the incredible impact of AI on the financial world, imagine how these tools can improve your own investments. In a previous video I explained the different types of stock investors. I'll see you in the next video!

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