Businesses in the financial industry are employing everything from geolocation software to “3-D facial imaging coupled with artificial intelligence algorithms” and online data collection to bring banking into the 21^st century, The Telegraph reports. “Payments, banking, pensions and investments are being shaken up by the ‘geek squad,’” the report states. “Old, established brands such as Aviva now have spinoffs called things like Digital Garage, and last year the regulator received 39 requests for help from companies wanting to set up computerized financial advice systems,” the report adds. “Weird science is headed our way, hopefully making banking, saving and investing easier, more appealing, cheaper — and arguably more successful for all of us.”
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