A STUDY ON ARTIFICIAL INTELLIGENCE IN FINANCE SECTOR

Abstract

A significant advancement in technology, artificial intelligence (AI) encompasses algorithmic language and machine learning (ML).It is well-liked in several industries, including those involving transportation, health care, robotics, finance, surveillance, entertainment, space exploration, agriculture, e-commerce, and social media, among others.Its goal is to create an independent, intelligent system.With a brief introduction, our study focuses on the usage of artificial intelligence in the financial sectors (banking, investment firms, and insurance organizations).The paper describes difficulties and their effects in financial sectors, along with benefits and drawbacks.With few recommendations, the report also indicates how artificial intelligence will alter the financial industry in the future.