What are the role of artificial intelligence?
Artificial intelligence (AI) is the emulation of human intellect in robots that have been trained to think and act like humans. The phrase may also refer to any machine that demonstrates human-like characteristics like learning and problem-solving.
Artificial Intelligence enhances the speed, precision and effectiveness of human efforts. In financial institutions, AI techniques can be used to identify which transactions are likely to be fraudulent, adopt fast and accurate credit scoring, as well as automate manually intense data management tasks.
