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<strong>2. Al and Risk Management </strong>
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Al's huge processing power enables the financial institution to handle the huge volume of data in a short period, and its cognitive computing greatly helps manage structured and unstructured data. Algorithms examine the cases' risk history and determine potential 
issues. Al in finance is highly productive when it comes to assessing real-time activities in any environment or market as it provides detailed forecasts and near to accurate predictions based on various variables that are critical for business contingency planning.
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<strong>3. Al and Personalized Banking </strong>
<p>Artificial intelligence has brought novel ways to offer traditional benefits and services to individual users. Al has empowered the banking sector with smart chatbots that offer customers comprehensive self-service solutions and reduces the cell center burden. Voice-led virtual 
assistants backed by smart technology, are also being adopted fast. Both these tools can schedule payments, check balances, monitor account activity, etc. 
A lot of apps provide personalized financial consultation and help individuals accomplish their financial goals. These intelligent systems monitor income, indispensable recurring expenses, as well as spending habits to come up with the optimized plan and helpful financial tips. 
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<strong>Final Thoughts </strong>
<p>The benefits brought to financial services by Al are multiple and evident. As per Forbes, 65 percent of the financial management executives expect radical improvements in their financial services using Al. Al is the trend in the financial services industry that is only going to expand in the next few years. 
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