AI, Blockchain and Financial Services: Unlocking New Possibilities
Author(s): Shally Garg
Publication #: 2503010
Date of Publication: 07.02.2022
Country: USA
Pages: 1-4
Published In: Volume 8 Issue 1 February-2022
DOI: https://doi.org/10.5281/zenodo.15537568
Abstract
Blockchain combined with artificial intelligence is inspiring creativity, strengthening security, and raising efficiency in financial services. While distributed AI models for credit assessment provide more accurate and equitable lending methods, AI-powered smart contracts enable dynamic, self-executable agreements. AI-enhanced blockchain systems also provide real-time regulatory compliance and blockchain-based cross-border payment systems, improved by AI, guarantee quicker and more safe transactions. By automating procedures, guaranteeing openness, and raising security, these developments are modernizing financial services and therefore changing the sector.
Keywords: Blockchain-Powered AI In Banking, AI and Blockchain for Fraud Detection, Decentralized Finance, Defi, Blockchain Banking, AI-Driven Finance
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