ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Alavalapati Saroj Mithra, Venkata Charan Duddukuru, Manu K S

Email(s): manu.ks@christuniversity.in

DOI: 10.52711/2321-5763.2023.00028   

Address: Alavalapati Saroj Mithra1, Venkata Charan Duddukuru1, Manu K S2
1Student, School of Business and Management, Christ (Deemed to be) University, Bangalore.
2Assistant Professor, School of Business and Management, Christ (Deemed to be) University, Bangalore.
*Corresponding Author

Published In:   Volume - 14,      Issue - 3,     Year - 2023


ABSTRACT:
Artificial Intelligence (AI) has emerged as a transformative technology with the potential to revolutionize various industries, including banking. The study provides an overview of the applications and challenges of AI in the banking sector. It highlights the significant impact of AI on improving operational efficiency, enhancing customer experience, and enabling more accurate risk assessment and fraud detection. The study also explores the growth of machine learning algorithms and overview of Application Programming Interface (API)-driven banking ecosystems. However, the adoption of AI in the banking sector also presents certain challenges, such as data privacy and security concerns, ethical considerations, and the need for effective regulation.


Cite this article:
Alavalapati Saroj Mithra, Venkata Charan Duddukuru, Manu K S. How Artificial Intelligence is Revolutionizing the Banking Sector: The Applications and Challenges. Asian Journal of Management. 2023;14(3):166-170. doi: 10.52711/2321-5763.2023.00028

Cite(Electronic):
Alavalapati Saroj Mithra, Venkata Charan Duddukuru, Manu K S. How Artificial Intelligence is Revolutionizing the Banking Sector: The Applications and Challenges. Asian Journal of Management. 2023;14(3):166-170. doi: 10.52711/2321-5763.2023.00028   Available on: https://ajmjournal.com/AbstractView.aspx?PID=2023-14-3-2


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