OER·harvester

← Back to the library
Zenodo PDF resource

Foundations of Artificial Intelligence & Machine Learning

Licence
OPEN CC-BY-4.0
Authors
Nidhi Sharma, Honey Singh, Ajay Sharma, Deepak Dagar
Published
2026-07-28 · Zenodo
Language
eng
Length
37166 words
Type
narrative text
Open ↗ Download Open original ↗
AI in Banking and Finance

The banking and financial sector heavily depends on Artificial Intelligence for security, risk analysis, customer support, and financial forecasting. Banks use AI systems to:

  • detect fraudulent transactions

  • analyze customer behavior

  • automate financial services

  • assess credit risk

  • improve digital banking experiences Whenever unusual activity occurs in a customer account, AI-based fraud detection systems can immediately identify suspicious patterns and alert financial institutions. AI chatbots are now widely used in banking applications to assist customers with:

  • account information

  • transaction details

  • loan inquiries

  • payment support Financial organizations also use machine learning models to analyze market trends and support investment decision-making.