AI and machine learning will determine future of finance:
AI and machine learning will become crucial elements of the finance industry. They will also enable a faster, more accurate, and more precise analysis of data, and improved risk management, and also the development of advanced financial products and services. It can be used for financial forecasting,portfolio management and customer service. Machine learning can also be used to automate as well as optimise compliance, credit scoring, and trading strategies. Financial institutions can also make good decisions and enhance operational efficiency through AI and machine learning. However, it is good to use AI and machine learning effectively in the finance industry with proper compliance, governance and risk management.