Paper Contents
Abstract
Fintech is an example of how innovation can transform financial services. As artificial intelligence platforms gain popularity on a massive scale, it is important to look for applications of AI in the domain of fintech. The support of AI in fintech can help in creating faster and more resilient workflows alongside reducing operational costs. AI can help in completing certain tasks at a faster rate while ensuring minimal errors, which fits perfectly with the requirements in fintech. Financial technology (FinTech) and artificial intelligence (AI) are two cutting-edge innovations that have recently altered the financial sector. AI can boost economic growth by 26% and financial services revenue by 34%. It is pivotal for FinTechs rapid advancements, enabling financial institutions and businesses to analyze vast amounts of data, identify patterns, and make data-driven decisions efficiently.
Copyright
Copyright © 2023 Vanshika Wadhwa. This is an open access article distributed under the Creative Commons Attribution License.
