AI and Machine Learning in Finance: How Bots are Helping the Industry

Artificial intelligence and ML are making considerable inroads in finance. They are the critical aspect of various financial applications, including evaluating risks, managing assets, calculating credit scores, and approving loans. Taking the above points into account, it's no wonder that companies like Forbes and Venture beat are using AI to predict the cash flow and detect fraud. In this article, we present the financial domain areas in which AI and ML have a more significant impact. We'll also discuss why financial companies should care about and implement these technologies.