A Systematic Literature Review of AI-Powered Legal and Financial Assistance Systems: Approaches, Challenges, and Future Directions

June 8, 2026Open Access

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Key Points

This review aims to provide a comprehensive overview of AI technologies utilized in legal and financial assistance, identifying current limitations and future directions.
Conducted systematic literature review using PRISMA guidelines
Collected papers from major academic databases focusing on AI applications between 2020 and 2025
Evaluated thematic areas including legal and financial AI systems, ensuring high-quality and relevant research
Identified significant advancements in transformer models for legal and financial tasks, but challenges like hallucination and weak numerical reasoning persist.
Research reveals a strong emphasis on explainability and multilingual adaptation, especially in rapidly changing regulatory landscapes.
A notable research gap was found in addressing AI applications specific to multilingual contexts, particularly in India.

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Systematic review analyzes AI-powered legal and financial assistance systems, suggesting areas for improvement in deployment and transparency.

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AC et al. (2026) studied this question.

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