Use of Artificial Intelligence in Banking World today

AI is evolving on fast pace. Financial organizations are already using AI technologies to identify fraud and unusual transactions, personalize customer service, help make decisions on creditworthiness, using natural language processing on text documents, and for cybersecurity and general risk management. Over the past decades, banks have been improving their methods of interacting with customers. They have tailored modern technology to the specific character of their work. As an example, in the 1960s, the first ATMs were installed, and ten years later, there were already cards for doing transactions and payment.