The future of financial technologies depends on AI

Maciej Zieliński

03 Jun 2020
The future of financial technologies depends on AI

AI has changed the way financial institutions collect and analyze data over the last few years. It has transformed the business environment by challenging companies and creating innovative business models.

In January this year, the Cambridge Centre for Alternative Finance together with the University of Cambridge Judge Business School and the World Economic Forum presented the results of research on the impact of AI on the financial sector.  From the responses of 151 institutions from 33 countries, a clear picture of AI as a key business driver emerged. Companies are beginning to see how much potential there is in artificial intelligence - most of the FinTechs surveyed already use it to create new services and products.

Application of AI in financial technologies

One of the most important conclusions drawn from the study is the rapidly changing importance of artificial intelligence in everyday business. Approximately 64% of financial institutions expect to use AI in the next two years in process automation, risk management, customer acquisition and service, as well as the creation of new products. Today, only 16% of companies participating in the survey do so. On the other hand, as many as three quarters of respondents expect that artificial intelligence will be very important in the development of the financial services industry in the short term.

As McKinsey & Company writes in its analysis, "companies that have made the strategic decision to implement AI on a full scale and in key business areas quickly see the value of this decision". They achieve attractive return on investment, grow faster and have much higher margins than companies that do not invest in artificial intelligence.

What exactly can AI help in the world of financial technologies? It enables a faster, more accurate assessment of a potential borrower, at a lower cost, taking into account a wider range of factors; it has enormous processing power and helps manage both structured and unstructured data; it is very effective in preventing credit card fraud and relieving customer service centres by powering smart chatbots. And these are just a few examples of how artificial intelligence can streamline your daily business.

Practical applications of artificial intelligence

One of the companies that already take advantage of AI is Underwrite.ai, which processes thousands of data to assess credit risk for people and companies applying for loans. Traditionally, analyses are impractically expensive and too slow to be used effectively in financial institutions in real time. By using artificial intelligence, this process has been optimized so that advanced credit analysis can be used without unnecessary time and large investments.

Examples of revolutionary applications of artificial intelligence in financial technologies can be multiplied. One of them is Kavout, an investment platform using AI to process huge sets of unstructured data and identify patterns in real time in financial markets. Another, Ayasdi uses existing data sets to help financial institutions detect mortgage fraud and money laundering, maximize liquidity and predict customer behaviour. 

Another is Kasisto, who also uses AI in his proposed solutions. For financial institutions, a KAI chatbot has been created, which helps to reduce the number of call centres by offering customers self-service solutions and additionally assists in making daily financial decisions.

- Financial institutions need technology that will help them better engage customers and reach new market segments, while building a stronger brand, said Zor Gorelov, CEO of Kasisto, quoted by PR Newswire. - Kasisto is the best AI conversation platform implemented in large banks around the world, working with millions of users in different countries in multiple languages and channels.

Another example, Feedzai, helps banks manage risk by monitoring transactions and alerting customers in case of suspicious changes in payment behaviour before processing payments. Feedzai has established cooperation with Citibank among others.

The Simundyne platform can also be an interesting example. It allows for quick and safe simulations, which allow for testing an unlimited number of scenarios in a safe environment. 

- After several years of consultations about virtual reality simulation and risk modeling conducted with many global institutions, I realized that traditional modeling methods are no longer up to date - admitted Justin Lyon, CEO of Symudyne, in an interview with MarketsMedia, explaining what prompted him to create the platform. - They do not capture the complexity of real systems and cannot effectively use the enormous power of technology and large data sets.

The Cambridge Centre for Alternative Finance study showed that although technology is a key element of further progress, it does not stand in the way of mass deployment of artificial intelligence. Existing solutions for years have still not been implemented by many companies dealing with financial services on a daily basis, which is attributed to obstacles in the form of lack of trust, complicated regulations and large amount of needed data. Artificial Intelligence can help you to take your business to the next level of sophistication and fully exploit its potential.

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Master UI Component Creation with AI: The Ultimate Guide for Developers

Gracjan Prusik

24 Mar 2025
Master UI Component Creation with AI: The Ultimate Guide for Developers

Introduction

Modern frontend development is evolving rapidly, and creating UI components with AI tools is helping developers save time while enhancing interface quality. With AI, we can not only speed up the creation of UI components but also improve their quality, optimize styles, and ensure better accessibility.

This article explores how creating UI components with AI is transforming frontend development by saving time and improving workflows. Specifically, we will discuss:

  • Generating components from images,
  • AI for style analysis and optimization,
  • Automatic style conversion and code migration,
  • AI in generating UI animations.

Creating UI Components with AI from Images

One of the interesting applications of AI in frontend development is the ability to generate components from an image. AI can recognize the structure of the interface and generate HTML/CSS or JSX code that matches the provided image. One of the most popular tools for UI creation is Lovable.

For testing, let's see how the tool performs in creating a simple contact form from the page you are currently on, which is Nextrope.

Query:

"Recreate the image I've sent you in Next.js using CSS."

Sample image used in the query:

The result received:

Tworzenie komponentów UI - Wygenerowany widok

Lovable did an excellent job transforming the image into code. The view is fully responsive. It’s important to remember that the more precise the request, the better the AI will replicate the expected view. However, even with a simple command, the tool performed surprisingly well.

Of course, AI has its limitations. It still makes quite a few mistakes. The generated code still requires review and fixes from the developer, but in some cases, the entire process is significantly sped up—correcting the code often takes less time than creating the component from scratch.

Optimizing UI Components with AI Tools for Style Improvements

This problem of inaccurate code reproduction by AI can be partially addressed by using it to analyze and improve styles. Tools like ChatGPT, DeepSeek and Claude are capable of not only generating code but also diagnosing CSS errors and suggesting why a particular style might not be working as expected.

Simple example: Why is the div not centered?

Query: "Why is this div not centered?"

AI analyzes the code and provides the following response:

Problem: The parent container does not have a defined width or display: flex.
Solution: Add the appropriate styles to the parent container.

.parent {
  display: flex;
  justify-content: center;
  align-items: center;
  width: 100vw;
  height: 100vh;
}

AI for Automatic Style Conversion and Code Migration in UI Components

AI can assist with style conversion between different technologies, such as transferring code from traditional CSS to Styled Components or Tailwind CSS.

Let's assume we have a style written in traditional CSS:

.button {
  background-color: blue;
  color: white;
  padding: 10px 20px;
  border-radius: 5px;
  transition: background-color 0.3s ease;
}

.button:hover {
  background-color: darkblue;
}

We can use AI for automatic conversion to Styled Components:

import styled from "styled-components";

const Button = styled.button`
  background-color: blue;
  color: white;
  padding: 10px 20px;
  border-radius: 5px;
  transition: background-color 0.3s ease;

  &:hover {
    background-color: darkblue;
  }
`;

export default Button;

AI can also assist in migrating code between frameworks, such as from React to Vue or from CSS to Tailwind.

This makes style migration easier and faster.

How AI Enhances UI Animation Creation

Animations are crucial for enhancing user experience in interfaces, but they are not always provided in the project specification. In such cases, developers have to come up with how the animations should look, which can be time-consuming and require significant creativity. AI, in this context, becomes helpful because it can automatically generate CSS animations or animations using libraries like Framer Motion, saving both time and effort.

Example: Automatically Generated Button Animation

Suppose we need to add a subtle scaling animation to a button but don't have a ready-made animation design. Instead of creating it from scratch, AI can generate the code that meets our needs.

Code generated by AI:

import { motion } from "framer-motion";

const AnimatedButton = () => (
  <motion.button
    whileHover={{ scale: 1.1 }}
    whileTap={{ scale: 0.9 }}
    className="bg-blue-500 text-white px-4 py-2 rounded-lg"
  >
    Press me
  </motion.button>
);

In this way, AI accelerates the animation creation process, providing developers with a simple and quick option to achieve the desired effect without the need to manually design animations from scratch.

Summary

AI significantly accelerates the creation of UI components. We can generate ready-made components from images, optimize styles, transform code between technologies, and create animations in just a few seconds. Tools like ChatGPT, DeepSeek, Claude and Lovable are a huge help for frontend developers, enabling faster and more efficient work.

In the next part of the series, we will take a look at:

If you want to learn more about how AI is impacting the entire automation of frontend processes and changing the role of developers, check out our blog article: AI in Frontend Automation – How It's Changing the Developer's Job?

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AI in Real Estate: How Does It Support the Housing Market?

Miłosz Mach

18 Mar 2025
AI in Real Estate: How Does It Support the Housing Market?

The digital transformation is reshaping numerous sectors of the economy, and real estate is no exception. By 2025, AI will no longer be a mere gadget but a powerful tool that facilitates customer interactions, streamlines decision-making processes, and optimizes sales operations. Simultaneously, blockchain technology ensures security, transparency, and scalability in transactions. With this article, we launch a series of publications exploring AI in business, focusing today on the application of artificial intelligence within the real estate industry.

AI vs. Tradition: Key Implementations of AI in Real Estate

Designing, selling, and managing properties—traditional methods are increasingly giving way to data-driven decision-making.

Breakthroughs in Customer Service

AI-powered chatbots and virtual assistants are revolutionizing how companies interact with their customers. These tools handle hundreds of inquiries simultaneously, personalize offers, and guide clients through the purchasing process. Implementing AI agents can lead to higher-quality leads for developers and automate responses to most standard customer queries. However, technical challenges in deploying such systems include:

  • Integration with existing real estate databases: Chatbots must have access to up-to-date listings, prices, and availability.
  • Personalization of communication: Systems must adapt their interactions to individual customer needs.
  • Management of industry-specific knowledge: Chatbots require specialized expertise about local real estate markets.

Advanced Data Analysis

Cognitive AI systems utilize deep learning to analyze complex relationships within the real estate market, such as macroeconomic trends, local zoning plans, and user behavior on social media platforms. Deploying such solutions necessitates:

  • Collecting high-quality historical data.
  • Building infrastructure for real-time data processing.
  • Developing appropriate machine learning models.
  • Continuously monitoring and updating models based on new data.

Intelligent Design

Generative artificial intelligence is revolutionizing architectural design. These advanced algorithms can produce dozens of building design variants that account for site constraints, legal requirements, energy efficiency considerations, and aesthetic preferences.

Optimizing Building Energy Efficiency

Smart building management systems (BMS) leverage AI to optimize energy consumption while maintaining resident comfort. Reinforcement learning algorithms analyze data from temperature, humidity, and air quality sensors to adjust heating, cooling, and ventilation parameters effectively.

Integration of AI with Blockchain in Real Estate

The convergence of AI with blockchain technology opens up new possibilities for the real estate sector. Blockchain is a distributed database where information is stored in immutable "blocks." It ensures transaction security and data transparency while AI analyzes these data points to derive actionable insights. In practice, this means that ownership histories, all transactions, and property modifications are recorded in an unalterable format, with AI aiding in interpreting these records and informing decision-making processes.

AI has the potential to bring significant value to the real estate sector—estimated between $110 billion and $180 billion by experts at McKinsey & Company.

Key development directions over the coming years include:

  • Autonomous negotiation systems: AI agents equipped with game theory strategies capable of conducting complex negotiations.
  • AI in urban planning: Algorithms designed to plan city development and optimize spatial allocation.
  • Property tokenization: Leveraging blockchain technology to divide properties into digital tokens that enable fractional investment opportunities.

Conclusion

For companies today, the question is no longer "if" but "how" to implement AI to maximize benefits and enhance competitiveness. A strategic approach begins with identifying specific business challenges followed by selecting appropriate technologies.

What values could AI potentially bring to your organization?
  • Reduction of operational costs through automation
  • Enhanced customer experience and shorter transaction times
  • Increased accuracy in forecasts and valuations, minimizing business risks
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Want to implement AI in your real estate business?

Nextrope specializes in implementing AI and blockchain solutions tailored to specific business needs. Our expertise allows us to:

  • Create intelligent chatbots that serve customers 24/7
  • Implement analytical systems for property valuation
  • Build secure blockchain solutions for real estate transactions
Schedule a free consultation

Or check out other articles from the "AI in Business" series