Abstract
Global technologies are developing at unprecedented and exponential rates. The consequence is that we find ourselves living in a society where public and private sector businesses cannot adequately fulfil their functions or activities without the assistance of the internet. It is these small changes in various industries such as medicine education and finance that have served as momentum for the fourth industrial revolution. With the introduction of 4IR technologies in the banking sector, comes an evolution of opportunities in which a great responsibility is weighted on Fintech companies and financial institutions alike. By law financial institutions have duties and responsibilities towards their consumers at every stage of their business relationships, in the opening of accounts, monitoring the relationship and the termination of the bank-client relationship. Now with the use of financial algorithms an investigation must be made into how these artificial intelligence mechanisms affect the law which regulates the bank-client contract...
LL.M. (Banking Law)