The future of FinTech is r acist, according to this anonymous data scientist

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The future of FinTech is r.acist, according to this anonymous data scientist.
This is an excerpt from a long interview between an anonymous data scientist and Logic Magazine about AI, deep learning, FinTech, and the future, conducted in November 2016.

LOGIC: One hears a lot about algorithmic finance and things like robo-advisers. And I’m wondering, is it over-hyped?

DATA SCIENTIST: I would say that robo-advisers are not doing anything special.

It’s AI only in the loosest sense of the word. They’re not really doing anything advanced — they’re applying a formula. And it’s a reasonable formula, it’s not a magic formula, but they’re not quantitatively assessing markets and trying to make predictions. They’re applying a formula about whatever stock and bond allocations to make — it’s not a bad service, but it’s super hyped.



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The future of FinTech is r.acist
according to this anonymous data scientist