Artificial Intelligence-The Future of Banking Sector

Abstract

Banking business being the backbone of every country is essential for the
development of the economy. Banking system ensures security and confidence
in the economy as it shapes up the financial system of the country. The more efficient
the banking system, the more it adds to the economic development of the country.
Moreover, the banking sector is the key player in fostering savings, capital formation,
balanced development, and facilitating national and international trade. Banks assist
in implementation of the monetary policy of the country