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Applications and benefits of AI in finance

Alicia Phaneuf

Business Insider

Sep 9, 2020

Finance is changing rapidly thanks to artificial intelligence. By 2023, AI will be used in 78% of all digital banking. Indeed, by 2023, it's possible that, due to AI, banks will save up to $447 billion. AI is the driving force for personal finance and consumer finance. It can prevent cyberattacks and prevent fraud. It can suggest prudent steps to safeguard money. It can create 24/7 consumer-helping hotlines, reduce the need for repetitive work, lower false positives and human error, and, above all, save everyone money.

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