A Study: How AI is Incorporated in the Middle East Banking

Abstract

The banking sector has undergone significant transformation due to the swift advancements in Artificial Intelligence (AI). The present study elucidates the benefits of aforementioned technology and their influence on both individuals and communities. The paper discusses a novel cohort of banking institutions that have reaped the rewards of advancements in AI-powered electronic gadgets and internet-based applications. For example, mobile devices are increasingly utilized to conduct transactions via economic institutions' accounts.  author has discussed in the paper that advancements in AI have brought significant benefits to the banking sector. The adoption of AI-powered electronic gadgets and internet-based applications has revolutionized the way banking services are delivered, providing convenience, personalized experiences, and enhanced customer service. AI technologies have also contributed to fraud detection and prevention, improved operational efficiency, and facilitated financial inclusion. As the banking sector continues to evolve, the integration of AI is likely to play an increasingly vital role in shaping the future of banking services.