International Journal of Innovative Research in Computer and Communication Engineering
ISSN Approved Journal | Impact factor: 8.771 | ESTD: 2013 | Follows UGC CARE Journal Norms and Guidelines
| Monthly, Peer-Reviewed, Refereed, Scholarly, Multidisciplinary and Open Access Journal | High Impact Factor 8.771 (Calculated by Google Scholar and Semantic Scholar | AI-Powered Research Tool | Indexing in all Major Database & Metadata, Citation Generator | Digital Object Identifier (DOI) |
| TITLE | A Study of Artificial Intelligence in Banking Sector: AI-Based Banking Services and Cyber Crime Mitigation Strategies |
|---|---|
| ABSTRACT | The banking sector has undergone a significant transformation with the adoption of Artificial Intelligence (AI). Prior to AI adoption, many banks faced challenges such as inefficient manual processes, inadequate risk management, loan processing , credit scoring, poor customer experience and major cyber crime issues. However, AI has emerged as a game-changer, enabling banks to streamline operations, improve customer service, enhance security, personalize offerings, fraud detection, ROI maximization and tailor solutions. This research explores the current state of AI in banking and financial services, as well as how AI can overcome cyber crime in banks with the help of cyber security wing. Stepping up AI adoption it will predict online frauds, loan defaults by using AI algorithms and to train the data to learn how to respond to different situations. The AI industry in India is expected to reach $7.8 billion by 2026, with a significant chunk of this investment coming from the banking sector. This study also gives an insight into the positive and negative impact of an Artificial Intelligence in Indian Banking Industries and also cyber crime issues related to banking sector. This paper gives the detail of the descriptive nature of customer awareness and perception toward the Artificial intelligence |
| AUTHOR | DR. ANISHA KUMAR, YASKA, MILANA Assistant Professor & TPO, Department of Computer Science, PBMMEC, Mysuru, India Final year MCA, Department of Computer Science, PBMMEC, Mysuru, India Final year MCA, Department of Computer Science, PBMMEC, Mysuru, India |
| VOLUME | 177 |
| DOI | DOI: 10.15680/IJIRCCE.2025.1312001 |
| pdf/1_A Study of Artificial Intelligence in Banking Sector AI-Based Banking Services and Cyber Crime Mitigation Strategies.pdf | |
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