Artificial Intelligence (AI) is revolutionizing banking by enhancing security, automating processes, and personalizing customer experiences. Key applications include:
✅ Fraud Detection & Cybersecurity – AI analyzes transaction patterns in real time to prevent fraud and detect suspicious activities.
✅ Automated Customer Service – AI-powered chatbots and virtual assistants provide 24/7 support and personalized financial advice.
✅ Risk Assessment & Credit Scoring – Machine learning models improve loan approvals by analyzing vast amounts of financial data.
✅ Predictive Analytics & Investment Strategies – AI helps banks optimize asset management and market predictions.
✅ Process Automation – AI streamlines operations such as document verification, compliance, and transaction processing.