From the bustling stock exchanges to the personalized banking apps on our phones, the financial services sector has evolved beautifully to keep up with the progress in technology. And now, we are witnessing the brewing of another revolution that is primarily being driven by the capabilities of artificial intelligence. AI in banking and finance has […]
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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 […]