A developer that wants to incorporate artificial intelligence into their financial management app can access off-the-shelf models of cloud computing providers, potentially getting to market faster than by taking the traditional route of finding training data and building out models in-house from scratch. Third, fintech developers can also draw from enormous pools of data that were previously unavailable outside of banking institutions.
Consumer financial data are increasingly available to developers via a new breed of business-to-business suppliers, called data aggregators.28 These companies enable outside developers to access consumer account and transactional information typically stored by banks. But aggregators do more than just provide access to raw data.