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The financial sector is under siege. In recent years, a number of high-profile hacks have left consumers reeling, and Fintech startups are chipping away at the traditional banking model.
To stay ahead of the curve, banks are turning to artificial intelligence (AI) for help. AI is already being used in a number of ways in the financial sector, from fraud prevention to customer service.
But, its use is only going to increase in the coming years. Banks are investing billions of dollars in AI, and the results are already starting to show.
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