AI in Finance: Revolutionizing Fraud Detection and Risk Management

AI in Finance: Transforming Risk Management and Fraud Detection. Artificial intelligence (AI) has revolutionized a wide range of industries, including the financial sector. Artificial intelligence (AI) integration is revolutionizing the financial services sector by improving productivity, accuracy, and decision-making skills. 'Fraud detection' and 'risk management' are the two primary domains where AI is making significant impact. In this essay, we'll examine how AI is transforming these significant facets of the financial industry. Using artificial intelligence to manage risks. Risk management is a crucial aspect of the financial sector. It comprises identifying, assessing, and mitigating financial risks that could affect investors or institutions. Based on past dat...