New Books in Economics
Chris Skinner, "Intelligent Money: When Money Thinks for You" (Marshall Cavendish, 2024)
Mar 25, 2025
Chris Skinner, a notable author and commentator on financial technology, shares his insights from his latest book on intelligent money management. He delves into the integration of AI and machine learning in everyday financial decisions, transforming how we manage our money. The conversation covers the future of digital transactions, enhanced by augmented reality and the vital role of cash in crises. Skinner also discusses the challenges of building digital trust in finance, emphasizing the need for solid data systems to tackle risks in intelligent banking.
25:18
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Quick takeaways
- The integration of artificial intelligence in finance is revolutionizing personal finance management by automating tasks and enhancing personalized advice for users.
- The ongoing conflict between decentralized finance and traditional banking systems highlights the need for regulatory adaptation to balance innovation with oversight in financial governance.
Deep dives
The Integration of AI in Financial Management
The discussion highlights the transformative role of artificial intelligence in personal financial management, emphasizing its ability to automate tasks and personalize advice. Advances in generative AI allow for 'agentic AI,' where bots can interact and conduct transactions autonomously, streamlining processes that previously required human intervention. This shift is leading to a new paradigm where financial decisions can be made more efficiently, prioritizing user convenience, particularly in low-value transactions. As AI becomes more pervasive, it raises questions about the implications for regulatory frameworks and the need for a balance between automation and oversight.
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