---
title: "Fintech, AI & ML: What you need to know in 2021 | HES FinTech"
description: "The use cases of AI and ML vary from cost reduction to fraud detection, Robo-advisors, process optimization, credit scoring, security, and customer service."
url: "https://hesfintech.com/blog/fintech-ai-ml-in-2021/"
author: "HES FinTech"
published: 2021-02-12
updated: 2025-01-27
---

# Fintech, AI & ML: What you need to know in 2021

Artificial Intelligence and Machine Learning are reinventing services in most industries, including financial technology: from core processes to customer-facing presentations. Our [GiniMachine](https://ginimachine.com/) AI-based decision-making startup is just one of the examples.

Tech researchers note that in 2019, the use of AI in Fintech was close to $6.7 billion, the figure was expected to grow almost 4-fold. So far, the predictions look realistic.

The use cases of AI and ML vary from cost reduction to fraud detection. Other use cases include Robo-advisors, process optimization, credit scoring, security, and customer service.

*These aspects are covered in the new article by HES FinTech, published on ITProPortal, a popular technology news source*. *Check out the full article.*

[FINTECH, AI AND ML: WHAT YOU NEED TO KNOW IN 2021](https://www.itproportal.com/features/fintech-ai-and-ml-what-you-need-to-know-in-2021/)

Check out [our blog](https://hesfintech.com/blog/) to learn more about financial services and technologies.