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How Is AI Helping The Banking System? Artificial intelligence is reshaping the banking industry and its influence continues to grow. Financial institutions are increasingly adopting AI-driven solutions to automate processes, cut costs, and boost efficiency. As these technologies become more widespread, banks are leveraging them to enhance critical functions like fraud detection, loan approval, and marketing efforts. Moving beyond foundational AI applications, banks are now embracing sophisticated tools such as natural language processing (NLP) and generative AI (GenAI). These advancements empower banks to expedite credit approvals, strengthen fraud prevention, and make more informed decisions.

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