How will artificial intelligence shape banking in 2024 and?.

Artificial intelligence (AI) is poised to significantly transform banking in 2024 by enhancing customer engagement, automating processes, and improving fraud detection. AI-driven chatbots and personalized services will become commonplace, allowing banks to offer tailored financial advice and faster service. Additionally, AI's predictive analytics will help banks assess credit risk more accurately, leading to better decision-making. These advancements will not only streamline operations but also create a more secure banking environment, addressing increasing cybersecurity threats.