A Study to Understand the Merits of Using Artificial Intelligence in Banking Process with Special Reference to The Indian Banking Sector

Abstract

Artificial Intelligence is ending up being more extensive in the current business environment especially in financial regions. The advancement of artificial intelligence and its plentiful benefits have prompted the banks to rename their business action by imbuement of artificial intelligence development in financial business. It has been comprehensively embraced in financial business as computerization of bank workplaces, web banking office, consistent money moves and focus financial plan. This study focus essentially underlines on to appreciate the various repercussions of Artificial Intelligence and its impact on Banking execution. The assistant data required for the audit was assembled from the reliable wellsprings of yearly reports, research papers and books and it was inspected using quantifiable gadgets like Matched Example T-Test, Relationship and Relapse assessment. The outcome additionally proposed that the client’s greater responsibility from agents to the banking and financial services by giving advancement imaginative getting ready to further develop the computer-based intelligence strategies in the working environment.