section_path: Applications/Finance
section_name: Finance
paragraph_text: Finance
  
  Finance is one of the fastest growing sectors where applied AI tools are being deployed: from retail online banking to investment advice and insurance, where automated "robot advisers" have been in use for some years.
  
  World Pensions experts like Nicolas Firzli insist it may be too early to see the emergence of highly innovative AI-informed financial products and services: "the deployment of AI tools will simply further automatise things: destroying tens of thousands of jobs in banking, financial planning, and pension advice in the process, but I’m not sure it will unleash a new wave of pension innovation."