The Role of Artificial Intelligence in Finance Sector

Abstract

Artificial Intelligence is the concept adopted by Financial institutions these days in order to safeguard and strengthen their cybersecurity practices and overcome cybercrimes that are  increasing worldwide. With the increase in the concept of Artificial Intelligence, the increase in cybersecurity issues has also risen. Artificial Intelligence has the capacity to detect the threat, predict the future and generate an automatic response. This paper discussed the role that AI has played in the improvement of cybersecurity among the various financial institutions and its capacity to detect, remove, and lessen the effects of a huge number of cyber threats that exist from smaller ones to the ones affecting a wider area.