Abstract
Artificial Intelligence (AI) has emerged as a transformative technology with the potential to revolutionize various industries, including banking. The study provides an overview of the applications and challenges of AI in the banking sector. It highlights the significant impact of AI on improving operational efficiency, enhancing customer experience, and enabling more accurate risk assessment and fraud detection. The study also explores the growth of machine learning algorithms and overview of Application Programming Interface (API)-driven banking ecosystems. However, the adoption of AI in the banking sector also presents certain challenges, such as data privacy and security concerns, ethical considerations, and the need for effective regulation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
