Challenges In Applying Artificial Intelligence In Banking Sector: A Scientometric Review

Abstract

Artificial Intelligence is getting expanding consideration in the corporates and humanity. In banking, the principal practices of AI were operative; nonetheless, AI is essentially applied in speculation backend and banking administrations without client interaction. Presenting AI in business banking might modify commercial cycles and collaborations with clients, which might set out research and open doors for conducting finance. The current study focuses on challenges in applying artificial intelligence in the banking sector by following a scientometric assessment and showed that innovations drastically change the idea of work. It was also found that web application weaknesses are security openings, which aggressors might endeavor to take advantage of, henceforth possibly making genuine harm to business, like taking touchy information and compromising business assets. It was concluded from the study that since web applications are currently broadly utilized, basic business conditions, for example, web banking, correspondence of touchy information, and internet shopping require powerful defensive measures against a wide scope of weaknesses.