AI in fintech refers to the application of artificial intelligence technologies within the financial services sector to improve processes, enhance customer experiences, and mitigate risks. By leveraging AI algorithms, machine learning models, and data analytics, fintech companies can offer personalized financial services, automate routine tasks, and detect fraudulent activities in real-time. AI-powered tools are revolutionizing areas such as credit scoring, risk management, customer service (via AI chatbots), and investment strategies. The integration of AI in fintech is helping institutions to become more efficient, secure, and customer-centric.
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