What are the applications of AI in finance?
An example of an AI chatbot conversation about applications of AI in the finance sector.
What are the applications of AI in finance?
AI is used in finance for fraud detection, algorithmic trading, credit scoring, and personalized banking services.
Can you explain how AI helps in fraud detection?
AI analyzes transaction patterns in real-time to identify anomalies that may indicate fraudulent activity.
What is algorithmic trading?
Algorithmic trading uses AI algorithms to execute trades at optimal prices based on market data and trends.
How does AI improve customer service in banking?
AI chatbots provide 24/7 support, answer queries, and assist with transactions, enhancing customer experience.
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