The Intersection of AI, banking and fintech in seamless financial services

The rapid advancement of Artificial Intelligence (AI) has revolutionized the banking and FinTech sectors, leading to seamless and more efficient financial services. AI-driven innovations, such as machine learning, natural language processing, and predictive analytics, are transforming customer interactions, risk assessment, fraud detection, and regulatory compliance. By leveraging AI, banks and FinTech firms can offer personalized financial solutions, automate credit scoring, and enhance cybersecurity. The integration of AI with blockchain and cloud computing further strengthens transaction security and transparency, enabling real-time payment processing and fraud mitigation. AI-based predictive analytics also allow financial institutions to anticipate market trends, optimize investment strategies, and enhance financial inclusion by extending credit access to underbanked populations. However, AI adoption in financial services presents challenges, including ethical concerns, data privacy risks, and regulatory complexities. Addressing these issues requires a balanced approach, combining technological advancements with robust governance frameworks to ensure fairness, transparency, and accountability in AI-driven financial ecosystems. This paper explores the transformative role of AI in banking and FinTech, highlighting key applications, benefits, challenges, and future trends. It provides insights into how AI is reshaping the financial landscape, fostering innovation while mitigating risks. By examining real-world case studies, this study offers a comprehensive understanding of AI's impact on financial services, emphasizing the need for regulatory alignment and ethical AI deployment.

Authors

Publication Details

Journal
World Journal of Advanced Research and Reviews
Published
2025-03-25
DOI
https://doi.org/10.30574/wjarr.2025.25.3.0613
Citations
1
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
2.28
Controls
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article

The Intersection of AI, banking and fintech in seamless financial services

Michael Aderemi Adegbite
1 citations
World Journal of Advanced Research and Reviews
FinTech, Crowdfunding, Digital Finance
2.28
article

The Intersection of AI, banking and fintech in seamless financial services

Michael Aderemi Adegbite
article en
1 citations

Abstract

The rapid advancement of Artificial Intelligence (AI) has revolutionized the banking and FinTech sectors, leading to seamless and more efficient financial services. AI-driven innovations, such as machine learning, natural language processing, and predictive analytics, are transforming customer interactions, risk assessment, fraud detection, and regulatory compliance. By leveraging AI, banks and FinTech firms can offer personalized financial solutions, automate credit scoring, and enhance cybersecurity. The integration of AI with blockchain and cloud computing further strengthens transaction security and transparency, enabling real-time payment processing and fraud mitigation. AI-based predictive analytics also allow financial institutions to anticipate market trends, optimize investment strategies, and enhance financial inclusion by extending credit access to underbanked populations. However, AI adoption in financial services presents challenges, including ethical concerns, data privacy risks, and regulatory complexities. Addressing these issues requires a balanced approach, combining technological advancements with robust governance frameworks to ensure fairness, transparency, and accountability in AI-driven financial ecosystems. This paper explores the transformative role of AI in banking and FinTech, highlighting key applications, benefits, challenges, and future trends. It provides insights into how AI is reshaping the financial landscape, fostering innovation while mitigating risks. By examining real-world case studies, this study offers a comprehensive understanding of AI's impact on financial services, emphasizing the need for regulatory alignment and ethical AI deployment.

World Journal of Advanced Research and ReviewsVol. 25(3)
Openalex Percentile: Top 14%
FinTech, Crowdfunding, Digital Finance
2.28
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