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The Fintech industry is currently experiencing a major shift as Artificial Intelligence (AI) becomes more integrated, fundamentally changing how financial services are provided, overseen, and enhanced. This study explores the ever-evolving landscape of AI in Fintech, examining the most recent advancements and impactful applications. As AI technologies continue to evolve, they find their way into the core operations of Fintech, encompassing risk assessment, fraud prevention, customer service, and investment strategies. This paper provides a detailed examination of these cutting-edge applications, highlighting their significance and potential. Notable trends discussed in this research encompass Explainable AI, the increasing emphasis on data security and privacy, and the global proliferation of AI-powered financial solutions. Furthermore, the paper investigates the intricate landscape of regulations and ethical considerations governing AI in Fintech and the strategies in place to navigate them. This comprehensive analysis of AI’s impact on Fintech aims to provide a holistic view of the current landscape while offering insights into the future trajectories of this symbiotic relationship. It serves as a valuable resource for industry practitioners, policymakers, and researchers interested in harnessing the transformative potential of AI within the financial technology domain.
Ahmed et al. (Thu,) studied this question.