A Comprehensive Study on Innovations in AI and Machine Learning Transforming the Fintech Industry
DOI:
https://doi.org/10.48001/978-81-966500-8-7-1Keywords:
Artificial Intelligence, Machine Learning, Fintech, Predictive AnalysisAbstract
Between 2021 and 2024, the FinTech sector experienced revolutionary breakthroughs propelled by the amalgamation of Artificial Intelligence (AI) and Machine Learning (ML). This study explores the most current developments and their significant effects on financial services, such as risk management, automated customer care, personalized banking, and fraud detection. FinTech organizations have improved predictive analytics through the use of AI and ML, enabling more precise credit scoring and investment strategies. Furthermore, the use of chatbots and virtual assistants driven by AI has transformed consumer interactions by providing smooth and effective service. In addition, this paper examines ethical and regulatory issues, highlighting the necessity of strong frameworks for security and compliance.This report offers a thorough overview of how AI and ML are changing the FinTech scene and opening the door for more effective, safe, and customer-focused financial services by looking at case studies and practical implementations.
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