Role of Machine Intelligence in Finance and Banking Industry

Through increased productivity, better client experiences, and strengthened risk management, artificial intelligence (AI) is transforming the banking industry. AI is being used by financial institutions to automate procedures, identify fraud, and offer individualized services. The purpose of this study is to provide a clearer definition of artificial intelligence (AI) and its present use in the financial markets. while talking about the various subcategories of artificial intelligence, how machines learn, its benefits and drawbacks, its application to financial analytics, and the field's prospects. This publication combines studies from some of the leading experts in artificial intelligence to provide a comprehensive explanation of the future and significance of AI. Keywords: Cyber Security, Financial Institutions, Financial Markets, Financial Services, Fraud Detection.