With every step forward in the context of evolution of technology unfolds a whole new set of concerns regarding AI safety. Even though there has been a significant shift in how we perceive AI, a large chunk continues to believe that artificial intelligence is probably hurting the workforce more than it benefits them. Some concerns […]
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How is AI in Banking Transforming the Industry for the Better?
Artificial Intelligence (AI) is the white knight redefining industries by revolutionizing how the businesses operate. This new technology is already transforming a range of legacy businesses. Therefore, it comes as no surprise as AI in banking has also become the norm. Currently, AI is used by 80% of banks worldwide for fraud detection. It is not without […]