Page 43 - TP_Ai_Class_7
P. 43
Banking and Financial Sector
AI helps the banks and financial sectors in various ways. AI predicts future scenarios by analysing
past user experiences. This way it suggests the banks for future outcomes and trends. It also
helps banks to identify frauds and detect anti-money laundering patterns.
AI assistants, such as chatbots, use artificial intelligence to generate personalised financial
advice and natural language processing to provide instant, self-help customer service.
Reboot
Write any two uses of AI in banking sector.
E-Commerce
AI in e-commerce helps in interactive and personalised buying experience. With the AI-enabled
systems, companies can see their customer’s preferences and can boost their sales by reliable
and customised shopping experiences. AI helps in the real time database analysis to predict the
number of customers willing to buy a new product and also helps in running a cashierless store.
Fields of AI 41

