Nick Kohlschreiber, founder of AcuFi, explains the future of AI in FinTech

IRVINE, California, 14 September 2022 /PRNewswire/ — The future of technology rests on the development of artificial intelligence (AI). When starting a fintech company, app, or service, AI can help provide potential customers with the services and customized approach they need to meet their financial goals. AI has the potential to help managers and supervisors understand the risks and make decisions based on those risks. “In the very near future, a world without AI will be unthinkable,” says Nick Kohlschreiberfounder of AcuFi, the 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 set 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 Nick Kohlschreiber. “Fraud and theft can become a thing of the past with a strong AI security barrier.”

Improvements in customer-centric service and experience is 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 AI to improve the user experience for our customers. And with the increasing competition in the market, I envision more companies will use AI to achieve rapid and personalized customer engagement.”

Nick Kohlschreiber is the founder and manager of AcuFi, an intuitive debt management software that helps clients settle their debts and provides relief from predatory collectors. Some of their other services include handling bankruptcy, consolidating loans, and finding a way to thrive even with your debt burden.

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Contact information:
Nick Kohlschreiber
AcuFi
[email protected]
949-992-2834

SOURCE AcuFi