Artificial Intelligence (AI) has revolutionized various sectors, with the financial industry being a prominent beneficiary. This review paper explores the multifaceted impact of AI on the financial sector, examining its influence on banking, investment management, fraud detection, customer service, and risk management. It highlights the transformative capabilities of AI technologies such as machine learning, natural language processing, and robotic process automation, while also addressing the associated challenges and future prospects
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Thumar et al. (2024) studied this question.
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