The Future of Artificial Intelligence in Financial Technologies

The Future of Artificial Intelligence in Financial Technologies

 JATIN GUPTA

Department of Management, School of Business,

Galgotias University, Greater Noida India

Abstract- This term paper presents the discussion on the revolutionary nature of Artificial Intelligence (AI) in the area of Financial Technology (FinTech), existing applications, trending topics, challenges, and opportunities in the future. A mixed-method design based on the triangulation of an extensive literature review with case studies of the most successful FinTech companies and primary research via surveys and interviews illustrates the research findings that AI-powered innovations, including fraud detection, credit scoring, algorithmic trading, and robo-advisory services, are transforming the financial services. The study reveals such major advantages as increased efficiency and decision-making accuracy, and higher levels of financial inclusion, but also focuses on the major issues connected with data quality, ethics, and regulations, and model explainability. These results highlight the importance of introducing responsible AI usage strategies that would strike the balance between innovation and risk prevention, offering practical guidelines to those working within the industry to utilize the full potential of AI in making the financial environment more accessible, secure, and customer-centric.

Keywords- Artificial Intelligence, Financial Technology, FinTech, AI Applications, Fraud Detection, Credit Scoring, Robo-Advisors, Ethical AI, Financial Inclusion, Regulatory Compliance