Artificial intelligence (AI) has become one of the most transformative technologies influencing the global financial sector. Financial institutions are increasingly adopting artificial intelligence systems to improve decision-making processes, enhance operational efficiency, and strengthen risk management practices. Technologies such as machine learning, predictive analytics, automated algorithms, and intelligent data processing systems are reshaping traditional financial operations and enabling faster, more accurate financial decisions. This paper examines the role of artificial intelligence in financial decision-making within modern financial institutions, with particular attention to the Saudi financial sector. The study explores how AI technologies contribute to improving credit evaluation, fraud detection, investment analysis, customer behavior prediction, and operational efficiency. In addition, the paper analyzes the impact of artificial intelligence on reducing human error, accelerating decision-making processes, and enhancing financial performance. The study adopts an analytical review approach based on recent academic literature, industry reports, and technological developments in financial services. The findings indicate that artificial intelligence significantly improves the quality and speed of financial decision-making by enabling institutions to analyze large volumes of financial data more efficiently. AI-based systems also support better risk assessment, improve customer service, and increase operational productivity. Despite the significant advantages associated with artificial intelligence, financial institutions continue to face several challenges, including cybersecurity threats, ethical concerns, data privacy risks, regulatory compliance requirements, and technological integration difficulties. The paper concludes that artificial intelligence will continue to play a critical role in the modernization of financial services and the future development of financial decision-making systems, particularly in rapidly developing digital economies such as Saudi Arabia.
Alaa M. H. Habib (Wed,) studied this question.