AI INNOVATIONS IN BANKING AND FINANCIAL TECHNOLOGY

Abstract

Abstract: Artificial Intelligence (AI) has become a powerful transformative force in the banking and financial technology (FinTech) sector. It is revolutionizing traditional banking systems by introducing advanced automation and intelligent processes. AI enhances decision-making by analyzing large volumes of data quickly and accurately. It significantly improves customer experience through personalized services and real-time support. Additionally, AI strengthens risk management by identifying patterns and predicting potential threats. This study examines major AI-driven innovations such as fraud detection, credit scoring, and algorithmic trading. It also highlights the role of AI in customer service automation and regulatory compliance. The paper further explores the benefits and challenges associated with AI adoption in financial institutions. Moreover, it discusses emerging trends and future possibilities of AI in the financial sector. Overall, the study concludes that AI is not only increasing operational efficiency but also redefining the future of digital financial ecosystems. Keywords: Artificial Intelligence, FinTech, Digital Banking, Machine Learning, Fraud Detection, Risk Management, Chatbots, Algorithmic Trading, Financial Innovation