Abstract
Artificial intelligence refers to the simulation of human intelligence processes by machines especially computer systems. The transformation of artificial intelligence in the banking sector has been a significant and ongoing process, revolutionizing how financial institutions operate, serve customers, manage risk and make strategic decisions. The transformation of AI in the banking sector is ongoing and its impact will continue to evolve as technology advance and banks find new ways to leverage AI to enhance their service and operations while maintaining data security and compliance. AI has brought about transformative changes that have the potential to reshape the industry and enhance various aspects of banking operations and customer experiences. Therefore, this paper aims to know the transforming artificial intelligence in banking sector.
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