The Role of Artificial Intelligence in Revolutionizing Financial Services: From Fraud Detection to Personalized Banking
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Abstract
Artificial Intelligence (AI) is reshaping the financial services landscape, offering unprecedented opportunities for innovation in areas such as fraud detection, risk management, personalized banking, and customer service. This paper explores the transformative potential of AI in the FinTech sector, analyzing its application across different financial services, the challenges it poses, and its future direction. The growing interest from economists, technologists, and financial institutions signals the critical role AI will continue to play in the evolution of finance.
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