Finteli is laying the path forward for the financial sector.
In 1977, Ken Olson famously said: "There is no reason anyone would want a computer in their home." Eighteen years later, in 1995, Robert Metcalfe stated: "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse."
Both predictions proved to be wrong.
Now in the modern world, 95% of adults in the UK own a smartphone and have access to the internet via a computer in their pocket. In the US, ownership is 91%. Evidently the world is barrelling forward technologically, and even large figures in the tech fields are often wrong.
AI is on the rise.
With the rapid rise of AI we now have similar predictions around its usefulness and the applications it will have in all sectors. The issue with these predictions is that they are focused on LLMs, not AI as a concept and its potential outside of general-use chatbots.
The future of AI does not lie with general-purpose LLMs but with AI at its core: hyper specialised and hyper focused in their applicable areas. Finteli is this leap towards a more efficient, accurate and scalable future of financial intelligence.
Finance and accountancy is the bedrock of the economy and the prosperity of mankind as a civilisation, from the first carvings into tablets, all the way to the tap of a keyboard, finance and accountancy has led the way. At its core, finance has not changed in the thousands of years from the Sumerians and Babylonians developing accountancy to track agriculture and trade, and has always been a problem of rectification and compression.
Finteli is the next stage in the never-ending development of financial literacy, tracking and understanding.