Utilization of Artificial Intelligence in Banking, with Reference to Financial Services in Banks
Author(s):
Veeranjaneyulu Veerla
Keywords:
Artificial Intelligence, Banking Industry, Banks, Financial Services, etc.
Abstract
According to today's banking news, artificial intelligence (AI) is extremely common, but those headlines have outpaced today's realistic banking truth. At this stage, only a few banks have started development or even full-fledged analysis. Artificial intelligence has infiltrated a variety of industries, including finance. The primary goal of this inquiry was to determine the effect of AI on modern banking. The controversy about how to ensure that citizens at the bottom of the economic spectrum become financially involved is increasingly focused on digital financial inclusion. The deployment of these innovations in developing markets helps financial service companies to further simplify their business processes and use modern and big data sources to address barriers that hinder certain consumers from receiving financial services, such as the high cost of servicing rural and low-income clients and establishing customer identities and creditworthiness. The use of Artificial Intelligence in Banking is examined in this report, with a focus on Financial Services in Banks.
Article Details
Unique Paper ID: 151405

Publication Volume & Issue: Volume 8, Issue 1

Page(s): 104 - 108
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