The Intersection of AI, banking and fintech in seamless financial services

Adegbite, Michael Aderemi (2025) The Intersection of AI, banking and fintech in seamless financial services. World Journal of Advanced Research and Reviews, 25 (3). pp. 1516-1526. ISSN 2581-9615

The rapid advancement of Artificial Intelligence (AI) has revolutionized the banking and FinTech sectors, leading to seamless and more efficient financial services. AI-driven innovations, such as machine learning, natural language processing, and predictive analytics, are transforming customer interactions, risk assessment, fraud detection, and regulatory compliance. By leveraging AI, banks and FinTech firms can offer personalized financial solutions, automate credit scoring, and enhance cybersecurity. The integration of AI with blockchain and cloud computing further strengthens transaction security and transparency, enabling real-time payment processing and fraud mitigation. AI-based predictive analytics also allow financial institutions to anticipate market trends, optimize investment strategies, and enhance financial inclusion by extending credit access to underbanked populations. However, AI adoption in financial services presents challenges, including ethical concerns, data privacy risks, and regulatory complexities. Addressing these issues requires a balanced approach, combining technological advancements with robust governance frameworks to ensure fairness, transparency, and accountability in AI-driven financial ecosystems. This paper explores the transformative role of AI in banking and FinTech, highlighting key applications, benefits, challenges, and future trends. It provides insights into how AI is reshaping the financial landscape, fostering innovation while mitigating risks. By examining real-world case studies, this study offers a comprehensive understanding of AI's impact on financial services, emphasizing the need for regulatory alignment and ethical AI deployment.