REVOLUTIONIZING BANKING WITH AI INNOVATION AT YOUR FINGERTIPS
Artificial intelligence (AI) is revolutionizing the banking sector, encouraging efficiency, security, and customerengagement. AI-driven chatbots provide 24/7 support, answering customer queries with real-time precision. Machinelearning algorithms enhance fraud detection through monitoring of transaction patterns and anomalies, ensuring robustfinancial security. AI-driven financial planning tools provide users with personalized insights, optimizing investmentstrategies and cost management. Automation streamlines banking operations, reducing human intervention whileimproving accuracy and compliance. Predictive analytics anticipates customers' needs, allowing for proactive provisionof services and customized financial products. AI-based credit risk models enhance lending through the utilization ofalternative data sets to allow for more accurate assessments of risk. AI enhances regulatory compliance by trackingtransactions and identifying suspicious patterns. Blockchain and AI combined enhance security with sanitized andimmutable financial records. Ethical use of AI continues to be crucial, ensuring balance between innovation, fairness, andjustice. The use of AI in banking provides a seamless, effortless, and interactive financial experience, transformingtraditional banking into a data-based, customer-centric world.
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2025-04-11
- DOI
- https://doi.org/10.5281/zenodo.15194541
- Primary Topic
- Financial Distress and Bankruptcy Prediction
- Type
- article
- Field-Weighted Citation Impact
- 0.00