{"id":74240,"date":"2023-06-05T10:35:20","date_gmt":"2023-06-05T10:35:20","guid":{"rendered":"https:\/\/www.techopedia.com"},"modified":"2023-12-15T12:33:13","modified_gmt":"2023-12-15T12:33:13","slug":"ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt","title":{"rendered":"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT"},"content":{"rendered":"<p>Much like it has in various other sectors, <a href=\"https:\/\/www.techopedia.com\/definition\/190\/artificial-intelligence-ai\">artificial intelligence (AI)<\/a> has changed the way the fintech industry operates. Here are a few examples:<\/p>\n<ul>\n<li>AI helps analyze large sets of data and quickly gain valuable insights;<\/li>\n<li>AI has the ability to process vast amounts of data and detect potential security threats;<\/li>\n<li>AI-powered chatbots offer personalized customer experiences by suggesting tailored products and services.<\/li>\n<\/ul>\n<p>These advancements have made fintech companies more efficient, accurate, and adaptable in their services.<\/p>\n<p>The introduction of AI has brought a significant shift from manual processes in the past, leading to disruptive changes. JP Morgan, for instance, <a href=\"https:\/\/www.cnbc.com\/2023\/05\/25\/jpmorgan-develops-ai-investment-advisor.html\" target=\"_blank\">plans to launch a specialized AI tool called IndexGPT<\/a>, similar to ChatGPT. It will focus specifically on providing financial services.<\/p>\n<p>JP Morgan has already filed a patent for this innovative product.<\/p>\n<h2><span id=\"pre-ai_vs_ai-driven_times_in_fintech\">Pre-AI vs. AI-driven Times in Fintech<\/span><\/h2>\n<p>To effectively understand the impact of AI on the fintech industry, it is helpful to compare the pre-AI era with the current AI-driven times.<\/p>\n<h3>Pre-AI Era<\/h3>\n<p>Let&#8217;s consider an example: A customer seeks financial advice from a financial consultancy firm. Each customer has unique needs, and the financial consultant must manually assess these needs and recommend suitable financial products.<\/p>\n<p>This entire process is time-consuming and labor-intensive. It involves understanding the customer&#8217;s requirements and then sifting through a vast dataset of financial products to find the best matches. Analyzing the performance and historical data of these products to determine their suitability adds to the complexity. Finally, creating and delivering a customized report to the customer takes a significant amount of time.<\/p>\n<p>In the pre-AI era, financial analysts possessed the necessary expertise but lacked the tools to match their desired speed and efficiency.<\/p>\n<h3>AI-driven times<\/h3>\n<p>Now, let\u2019s apply the above scenario when the consultancy firm is using AI:<\/p>\n<ol>\n<li>The customer accesses the firm&#8217;s website and fills out a detailed form.<\/li>\n<li>A <a href=\"https:\/\/www.techopedia.com\/definition\/16366\/chatterbot\">chatbot<\/a> promptly appears on the website and offers assistance, having already extracted the necessary information from the form.<\/li>\n<li>The chatbot asks the customer specific questions regarding their risk appetite, current personal finances, and other relevant details.<\/li>\n<li>The chatbot captures this information and forwards the customer&#8217;s details to a consultant.<\/li>\n<li>The consultant utilizes AI tools to rapidly analyze and sift through numerous suitable financial products for the customer, preparing a comprehensive report.<\/li>\n<li>The consultant arranges a call with the customer to discuss the report and provide recommendations.<\/li>\n<li>The customer either accepts the recommendations or requests modifications.<\/li>\n<li>Once finalized, the report is delivered to the customer.<\/li>\n<\/ol>\n<p>The introduction of AI has significantly impacted the speed and accuracy of data analysis. This, in turn, has made the consultant&#8217;s job easier and increased the reliability of the reports. While the consultant&#8217;s expertise is still essential, the integration of AI tools effectively complements their efforts.<\/p>\n<p>The combination of human expertise and AI-powered tools has transformed the consultancy process, making it more efficient and effective for both consultants and customers.<\/p>\n<h2><span id=\"use_cases_of_ai_in_the_fintech_industry\">Use Cases of AI in the Fintech Industry<\/span><\/h2>\n<h3>Data Security<\/h3>\n<p>Data security is of paramount importance in the fintech industry, as it deals with highly confidential information. To ensure the protection of sensitive data, several measures can be implemented:<\/p>\n<ol>\n<li><strong>Chatbot Assistance<\/strong>: Chatbots can help customers with tasks like password resets or managing application access. By automating these processes, the risk of human error or unauthorized access is reduced.<\/li>\n<li><strong>Biometric Authentication<\/strong>: Implementing facial, voice, or <a href=\"https:\/\/www.techopedia.com\/definition\/29808\/fingerprint-scanner\">fingerprint<\/a> recognition in software adds an extra layer of security. Biometric authentication methods are generally more challenging for hackers to bypass compared to traditional passwords, as they rely on unique physical characteristics.<\/li>\n<\/ol>\n<p>These security measures work together to enhance the overall protection of customer data in the fintech industry. By leveraging advanced technologies and authentication methods, companies can safeguard sensitive information and mitigate the risk of unauthorized access or <a href=\"https:\/\/www.techopedia.com\/definition\/13601\/data-breach\">data breaches<\/a>.<\/p>\n<h3>Fraud Detection<\/h3>\n<p>Financial fraud, such as false insurance claims and unauthorized bank transfers, not only results in financial losses but also damages the reputation of financial institutions. As custodians of public funds and holders of confidential data, financial institutions operate in a highly competitive industry with significant stakes. And given the large volumes of transactions taking place every second, identifying fraudulent activities can be challenging.<\/p>\n<p>Traditionally, <a href=\"https:\/\/www.techopedia.com\/definition\/31745\/real-time-fraud-detection\">fraud detection<\/a> has relied on manual processes that are time-consuming and cumbersome. However, AI can play a crucial role in detecting and preventing fraudulent activities in the financial sector. By analyzing vast amounts of data, AI algorithms can identify unusual or abnormal behaviors and patterns in financial transactions. When such anomalies are detected, the system can flag these transactions for further investigation.<\/p>\n<p>By leveraging AI&#8217;s capabilities, institutions can enhance their due diligence processes, minimize financial losses, and safeguard their reputation.<\/p>\n<h3>Better Customer Service<\/h3>\n<p>Meeting customer expectations and providing timely resolutions to queries is crucial for financial institutions, as customers now have a wide range of options to choose from. With the high stakes involved in serving customers round-the-clock, financial institutions face the challenge of addressing customer queries efficiently.<\/p>\n<p>In this context, AI-powered chatbots have emerged as a valuable solution for financial institutions. Trained AI chatbots are capable of responding to customer queries promptly and collecting relevant data for further processing. These chatbots have been specifically trained to analyze customer sentiments based on the tone of their responses.<\/p>\n<p>By employing sentiment analysis, AI chatbots can understand and interpret the emotions conveyed by customers. This enables them to provide more personalized and empathetic responses, enhancing the overall customer experience. Moreover, the use of AI chatbots helps alleviate the workload on call center executives, who often face a backlog of cases due to the 24\/7 nature of customer queries.<\/p>\n<h2><span id=\"indexgpt_the_biggest_disruptor_in_fintech\">IndexGPT: The Biggest Disruptor in Fintech?<\/span><\/h2>\n<p>Similar to the impact <a href=\"https:\/\/www.techopedia.com\/definition\/34933\/chatgpt\">ChatGPT<\/a> has had across various industries with its diverse use cases, JP Morgan has developed IndexGPT, aiming to disrupt the financial services sector.<\/p>\n<p>Unlike ChatGPT, IndexGPT is specifically designed for use cases within the financial industry. While limited information is available about the tool, reports suggest that it primarily focuses on assisting in the selection of financial products for customers. The program is reputed to be highly accurate and efficient in its operations.<\/p>\n<p>Trademark attorney Josh Gerben commented:<\/p>\n<blockquote><p>\u201cIt\u2019s an AI program to select financial securities. This sounds to me like they\u2019re trying to put my financial advisor out of business.\u201d<\/p><\/blockquote>\n<p>Although specific details about IndexGPT remain undisclosed, it is known that the tool will utilize AI in conjunction with <a href=\"https:\/\/www.techopedia.com\/definition\/2\/cloud-computing\">cloud computing software<\/a> to help select the most suitable financial products for customers.<\/p>\n<h2><span id=\"the_bottom_line\">The Bottom Line<\/span><\/h2>\n<p>AI is already being adopted by numerous organizations in various capacities, but IndexGPT by JP Morgan has the potential to be a significant game changer. This highly intelligent AI tool is expected to deliver precise and advanced financial services with a low probability of failure.<\/p>\n<p>However, it&#8217;s important to note that AI in the fintech industry is still in the process of evolution, and its ultimate scope and limitations are difficult to predict.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Much like it has in various other sectors, artificial intelligence (AI) has changed the way the fintech industry operates. Here are a few examples: AI helps analyze large sets of data and quickly gain valuable insights; AI has the ability to process vast amounts of data and detect potential security threats; AI-powered chatbots offer personalized [&hellip;]<\/p>\n","protected":false},"author":7870,"featured_media":48624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[573,557],"tags":[],"category_partsoff":[],"class_list":["post-74240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-data-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI in FinTech: Exploring the Impact of Tools Like IndexGPT<\/title>\n<meta name=\"description\" content=\"AI&#039;s use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT\" \/>\n<meta property=\"og:description\" content=\"AI&#039;s use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/techalpine\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T10:35:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-15T12:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kaushik Pal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/techalpine\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kaushik Pal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\"},\"author\":{\"name\":\"Kaushik Pal\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/d7df6d38ac044fdfba1f7ca2eb5f4034\"},\"headline\":\"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT\",\"datePublished\":\"2023-06-05T10:35:20+00:00\",\"dateModified\":\"2023-12-15T12:33:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\"},\"wordCount\":1168,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg\",\"articleSection\":\"\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\",\"url\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\",\"name\":\"AI in FinTech: Exploring the Impact of Tools Like IndexGPT\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg\",\"datePublished\":\"2023-06-05T10:35:20+00:00\",\"dateModified\":\"2023-12-15T12:33:13+00:00\",\"description\":\"AI's use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg\",\"caption\":\"Photo source: iStock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.techopedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Artificial Intelligence\",\"item\":\"https:\/\/www.techopedia.com\/ai\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Data Management\",\"item\":\"https:\/\/www.techopedia.com\/topic\/20\/data-management\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.techopedia.com\/#website\",\"url\":\"https:\/\/www.techopedia.com\/\",\"name\":\"Techopedia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.techopedia.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.techopedia.com\/#organization\",\"name\":\"Techopedia\",\"url\":\"https:\/\/www.techopedia.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"caption\":\"Techopedia\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/techopedia\/\",\"https:\/\/x.com\/techopedia\",\"https:\/\/www.linkedin.com\/company\/techopedia\/\",\"https:\/\/www.youtube.com\/c\/Techopedia\"],\"publishingPrinciples\":\"https:\/\/www.techopedia.com\/about\/editorial-policy\",\"ownershipFundingInfo\":\"https:\/\/www.techopedia.com\/about\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/d7df6d38ac044fdfba1f7ca2eb5f4034\",\"name\":\"Kaushik Pal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/kaushik-pal-e-150x150.jpg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/kaushik-pal-e-150x150.jpg\",\"caption\":\"Kaushik Pal\"},\"description\":\"Kaushik is a Technical Architect and Software Consultant with over 23 years of experience in software analysis, development, architecture, design, testing and training. He has an interest in new technologies and areas of innovation. He focuses on web architecture, web technologies, Java\/J2EE, open source software, WebRTC, big data and semantic technologies. He has demonstrated expertise in requirements analysis, architecture design and implementation, technical use cases and software development. His experience has spanned across industries like insurance, banking, airlines, shipping, document management and product development etc. He has worked on a wide range of technologies ranging from large scale (IBM S\/390), mid scale (AS\/400), web technologies, open source and big data. Kaushik is primarily involved in Java\/J2EE\/Open Source\/Web\/WebRTC\/Hadoop and Big Data technologies. Kaushik also founded TechAlpine, a technology blogging\/consulting firm in Kolkata. The TechAlpine team works with multiple clients in India and abroad and has expertise in Java\/J2EE\/open source\/web\/webRTC\/Hadoop\/big data technologies and technical writing.\",\"sameAs\":[\"https:\/\/techalpine.com\/\",\"https:\/\/www.facebook.com\/techalpine\",\"https:\/\/in.linkedin.com\/in\/kaushik-pal-36b36915\",\"https:\/\/x.com\/https:\/\/twitter.com\/techalpine\",\"https:\/\/www.youtube.com\/channel\/UCKSE-GsRz1GrGhvzy6hYHNQ?view_as=subscriber\"],\"knowsAbout\":[\"Technology Specialist\"],\"url\":\"https:\/\/www.techopedia.com\/contributors\/kaushik-pal\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AI in FinTech: Exploring the Impact of Tools Like IndexGPT","description":"AI's use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT","og_description":"AI's use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.","og_url":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt","og_site_name":"Techopedia","article_publisher":"https:\/\/www.facebook.com\/techopedia\/","article_author":"https:\/\/www.facebook.com\/techalpine","article_published_time":"2023-06-05T10:35:20+00:00","article_modified_time":"2023-12-15T12:33:13+00:00","og_image":[{"url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg","width":1,"height":1,"type":"image\/jpeg"}],"author":"Kaushik Pal","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/techalpine","twitter_site":"@techopedia","twitter_misc":{"Written by":"Kaushik Pal","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#article","isPartOf":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt"},"author":{"name":"Kaushik Pal","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/d7df6d38ac044fdfba1f7ca2eb5f4034"},"headline":"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT","datePublished":"2023-06-05T10:35:20+00:00","dateModified":"2023-12-15T12:33:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt"},"wordCount":1168,"commentCount":0,"publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"image":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg","articleSection":"","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.techopedia.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt","url":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt","name":"AI in FinTech: Exploring the Impact of Tools Like IndexGPT","isPartOf":{"@id":"https:\/\/www.techopedia.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage"},"image":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg","datePublished":"2023-06-05T10:35:20+00:00","dateModified":"2023-12-15T12:33:13+00:00","description":"AI's use cases in fintech continue to grow, from data analysis to customer service. New sophisticated tools like IndexGPT are being developed.","breadcrumb":{"@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#primaryimage","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/02\/benefits-of-cloud-computing-3.jpg","caption":"Photo source: iStock"},{"@type":"BreadcrumbList","@id":"https:\/\/www.techopedia.com\/ai-in-fintech-exploring-the-impact-of-tools-like-indexgpt#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techopedia.com\/"},{"@type":"ListItem","position":2,"name":"Artificial Intelligence","item":"https:\/\/www.techopedia.com\/ai"},{"@type":"ListItem","position":3,"name":"Data Management","item":"https:\/\/www.techopedia.com\/topic\/20\/data-management"},{"@type":"ListItem","position":4,"name":"AI Disruption in FinTech: Exploring the Impact of AI-powered Tools Like IndexGPT"}]},{"@type":"WebSite","@id":"https:\/\/www.techopedia.com\/#website","url":"https:\/\/www.techopedia.com\/","name":"Techopedia","description":"","publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techopedia.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.techopedia.com\/#organization","name":"Techopedia","url":"https:\/\/www.techopedia.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","caption":"Techopedia"},"image":{"@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/techopedia\/","https:\/\/x.com\/techopedia","https:\/\/www.linkedin.com\/company\/techopedia\/","https:\/\/www.youtube.com\/c\/Techopedia"],"publishingPrinciples":"https:\/\/www.techopedia.com\/about\/editorial-policy","ownershipFundingInfo":"https:\/\/www.techopedia.com\/about"},{"@type":"Person","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/d7df6d38ac044fdfba1f7ca2eb5f4034","name":"Kaushik Pal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/kaushik-pal-e-150x150.jpg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/kaushik-pal-e-150x150.jpg","caption":"Kaushik Pal"},"description":"Kaushik is a Technical Architect and Software Consultant with over 23 years of experience in software analysis, development, architecture, design, testing and training. He has an interest in new technologies and areas of innovation. He focuses on web architecture, web technologies, Java\/J2EE, open source software, WebRTC, big data and semantic technologies. He has demonstrated expertise in requirements analysis, architecture design and implementation, technical use cases and software development. His experience has spanned across industries like insurance, banking, airlines, shipping, document management and product development etc. He has worked on a wide range of technologies ranging from large scale (IBM S\/390), mid scale (AS\/400), web technologies, open source and big data. Kaushik is primarily involved in Java\/J2EE\/Open Source\/Web\/WebRTC\/Hadoop and Big Data technologies. Kaushik also founded TechAlpine, a technology blogging\/consulting firm in Kolkata. The TechAlpine team works with multiple clients in India and abroad and has expertise in Java\/J2EE\/open source\/web\/webRTC\/Hadoop\/big data technologies and technical writing.","sameAs":["https:\/\/techalpine.com\/","https:\/\/www.facebook.com\/techalpine","https:\/\/in.linkedin.com\/in\/kaushik-pal-36b36915","https:\/\/x.com\/https:\/\/twitter.com\/techalpine","https:\/\/www.youtube.com\/channel\/UCKSE-GsRz1GrGhvzy6hYHNQ?view_as=subscriber"],"knowsAbout":["Technology Specialist"],"url":"https:\/\/www.techopedia.com\/contributors\/kaushik-pal"}]}},"modified_by":"Techopedia Admin","_links":{"self":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/74240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/users\/7870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/comments?post=74240"}],"version-history":[{"count":0,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/74240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media\/48624"}],"wp:attachment":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media?parent=74240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/categories?post=74240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/tags?post=74240"},{"taxonomy":"category_partsoff","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/category_partsoff?post=74240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}