AcuFi and founder Nicholas Kohlschreiber on the use of AI in FinTech
IRVINE, CA / ACCESSWIRE / February 7, 2023 / The advancement of artificial intelligence (AI) will define the future of technology as a whole. AI will have the best tools to help customers of any new financial business or app achieve their money-related goals. Even managers will benefit from using AI in their operations because they can better understand the risks and as such make informed decisions. It is AI that will help them understand what is at stake. “In the very near future, a world without AI will be unthinkable,” says Nicholas Kohlschreiberfounder of AcuFithe Irvine-based debt resolution company that works with individuals and businesses to unravel their finances and strategize for the future.
For the fintech sector, concerns in the security of both user and company data can be addressed by AI. More than ever, the modern age will bring a new variety of bad actors hackers, viruses and vulnerabilities waiting to be exploited. Traditionally, software protects information with passwords, but AI can add new layers of cybersecurity to protect transactions and valuable data. Fintechs handle millions of dollars daily, and the ability to detect fraud, deception, anomalies or viruses using AI can stop the loss of funds or theft. “AI can be the new wall that protects the finances of individuals and small businesses,” says Nicholas Kohlschreiber. “Fraud and theft can become a thing of the past with a strong AI security barrier.”
Improvements in customer-centric service and experience are the areas where AI has been most effectively used in the fintech industry, with more and more companies using it to advance in the market. Innovations such as Chatbots and AI-powered personalized banking apps are just two examples of AI improving the customer experience. Chatbots minimize the workload on call centers through their availability to answer typical and frequently asked questions. AI-powered banking apps help users keep track of their finances, track income and expenses, and reach their financial goals. Nick Kohlschreiber proudly notes that “AcuFi experts are already using artificial intelligence to improve the user experience for our customers. And with the increasing competition in the market, I imagine more companies will use AI to achieve fast and personalized customer engagement.”
About AcuFi:
AcuFi is a company dedicated to advocating for consumers burdened with unsecured debt to help them develop viable repayment plans and strategies. It provides debt settlement services to those looking for an alternative to bankruptcy, making it possible to reduce the amount owed and settle the debt faster. AcuFi representatives work on behalf of the consumer with experts to create personalized debt relief plans.
AcuFi: http://acufi.com
AcuFi founder, Nicholas Kohlschreiber, examines the future of FinTech with AI: https://www.yahoo.com/now/acufi-founder-nicholas-kohlschreiber-examines-021000601.html
Nick Kohlschreiber, founder of AcuFi, teaches small businesses how to use FinTech: https://www.yahoo.com/now/nick-kohlschreiber-founder-acufi-teaches-220000221.html
Contact information:
Nicholas Kohlschreiber
AcuFi
[email protected]
949-992-2834
http://acufi.com
SOURCE: AcuFi
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