China Intelligent Finance Development Report 2019, lately released by CF40 Research Group, makes an attempt to track the history and discuss the future development of AI in finance. 
Technological advances always go side by side with financial development. They historically led the changes in finance, such as the ATM in the 60s, electronic payment in the 80s, online payment and mobile banking in the 90s, Internet finance since 2000, and #fintech since 2008.
The development of fintech has roughly gone through three stages: electronic, digital and intelligent.
In the electronic era, financial institutions adopted information technology to achieve business electronization and automation; in the digital era, financial institutions innovated financial products and processes, and transformed service approaches.
In the intelligent era, financial institutions use machine to simulate the physical labor and in particular the mental labor of humans through the application of #AI technology, and thus upgrade decision-making and control over financial services.
