Fintech and retail lead the fray in AI adoption by industry


Compared to other industries, the finance industry jumped quickly to finding value with artificial intelligence. Currently, AI is being used in a variety of ways within the financial services industry. The most prominent use case for AI is in fraud and anomaly detection. When fraud occurs, financial firms end up covering fraud prevention services for the impacted victims. In addition to having to manage funds lost through fraud, financial institutions often find themselves tangled in a variety of other issues pertaining to the loss of reputation.

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