A holistic mini -review: Artificial Intelligence and the future of finance

The field of contemporary financial services is changing due to artificial intelligence (AI), which is propelling innovation in anything from asset management to algorithmic procedures. Automated trading, robo-advisory, fraud detection, credit risk assessment, and personalised banking are just a few of the many uses of AI in the financial ecosystem that are examined in this review article. The technologies that allow financial institutions to improve efficiency, accuracy, and customer experience are examined, including machine learning, natural language processing, and predictive analytics. The literature illustrates whether AI is impacting operational processes, strategic decision-making, and regulatory compliance through an analysis of case studies and real-world deployments. Additionally, we examine concerns about model interpretability, ethical usage, and data governance as we delve over the advantages and disadvantages of adopting AI. The review article provides a comprehensive viewpoint on artificial intelligence evolved from theoretical algorithms to useful resources in the finance industry and conclude by evaluating the future direction of AI in finance and highlighting important themes as the emergence of decentralised finance (DeFi), AI-driven ESG investment, and hybrid human-AI collaboration.