Machine learning is a type of artificial intelligence that provides computers with the ability to learn without being explicitly programmed. Machine learning focuses on the development of computer programs that can teach themselves to grow and change when exposed to new data. Emerging FinTech companies are using machine learning to adapt the changes in real time. Companies using machine learning are presented here: Affirm: Affirm is a technology and data-driven finance company. They mine vast amounts of data to successfully rewrite the rules on how credit is evaluated. To protect against fraud and build credit data, the company uses machine learning models. Lending Club: Lending Club is the world’s largest online marketplace which connects borrowers and investors. They use machine learning for predicting bad loans.

http://letstalkpayments.com/15-players-that-use-machine-learning-in-fintech-space/