Artificial intelligence will be transforming finance by 2025

China likely to lead race, but Japanese and US banks poised to catch up

20201214 Shanghai Financial District

By 2025, regulators' growing concerns about the inscrutability of AI and its attendant risks could be the source of the next financial shock. © Reuters

GILLIAN TETT, Financial Times Chair Editorial Board, Editor-at-large, US

NEW YORK -- Markets go up and down. So do the fortunes of financial companies. But here is one prediction: by 2025 artificial intelligence will be reshaping global finance, sparking a fierce competitive battle between companies and regions who want to dominate this new sphere.

China will almost certainly be playing a leading role: its entities such as Ant Financial have already taken an early lead in the sphere of AI-enabled finance, helped by the scale of the country's databases.

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