Author Login IJIRT Partner Network (IPN) Login

Advancing Bank Security with Artificial Intelligence

  • Unique Paper ID: 175215
  • Volume: 11
  • Issue: 11
  • PageNo: 2300-2306
  • Abstract:
  • The financial sector, especially banking, has become a significant target for various forms of cybercrime, fraud, and identity theft due to the increasing reliance on digital technologies. Traditional security methods, such as passwords and firewalls, have proven inadequate in addressing the growing sophistication of modern cyber threats. Artificial Intelligence (AI) has emerged as a powerful tool to enhance the security of banking systems by providing more advanced and efficient solutions. This paper explores how AI is revolutionizing bank security, particularly through AI-driven fraud detection, biometric authentication, cybersecurity enhancements, and predictive risk analysis. AI enables banks to detect fraudulent transactions in real-time by analyzing vast amounts of data and recognizing patterns that may indicate suspicious activity. It also strengthens customer authentication processes through biometrics like facial recognition, fingerprints, and voice recognition, providing an additional layer of security. In terms of cybersecurity, AI can detect potential threats such as malware or phishing attacks, enabling proactive responses. Additionally, predictive risk analysis powered by AI helps banks identify future security risks and take preventive measures. Despite its numerous benefits, the integration of AI in banking security also presents challenges, including concerns around privacy, bias in AI models, and compliance with regulatory standards. Financial institutions must navigate these obstacles to effectively implement AI-driven security solutions. Ultimately, AI offers banks a means to improve security, safeguard assets, reduce risks, and ensure safer financial transactions.
Download article email to a friend

Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 11
  • PageNo: 2300-2306

Advancing Bank Security with Artificial Intelligence

Related Articles

21 Feb, 2025

Machine Learning Approaches for Predicting Heart Diseases

Read More
25 Jan, 2025

The Classification Technique for Face Spoof Detection in Artificial Neural Networks

Read More
Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Archive

View More

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry