What role does generative AI play in finance?

Generative AI in finance enhances financial modeling, scenario planning, and automated report generation for faster strategic decision-making.

How does AI help reduce financial risk?

AI models detect patterns in transactions, assess credit risk, and predict market fluctuations, reducing exposure to fraud and bad investments.

What are the main challenges of AI in finance?

Challenges include integration with legacy systems, ensuring responsible AI practices, and navigating complex regulatory frameworks.

What are the best AI applications in finance?

The top AI applications in finance include predictive analytics, risk management, chatbots, and AI-driven compliance automation.

How does AI improve fraud detection in banking?

AI in banking and finance uses real-time transaction monitoring and machine learning to detect anomalies and prevent fraud.

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