Finance
  1. Fraud Detection: AI systems detect fraud in financial transactions by analyzing patterns (Korinek & Stiglitz, 2018) [19].
  2. Robo-Advisors: Algorithms offer personalized financial advice and investment strategies.
  3. Stock Market Predictions: AI provides stock market insights, though it’s not always accurate.
  4. Automated Customer Support: AI-powered customer support systems in banks handle routine inquiries.