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    FINANCIAL FRAUD AND ITS PREVENTION BY ARTIFICIAL INTELLIGENCE TECHNIQUES
    (Nobel Science Press, 2023) Dr. Neha Singh, Dr. Zia Afroz
    Financial fraud is very important concern is now a day as the population is involving in online or digital mode of payment methods. The financial fraud reported in 2022 survey reported that around 42% Indians had their experiences in past few years and in many cases around 74% after making complaint they have not returned back their money. The financial frauds are possible with mobile phones, online transaction, money laundering etc. The chapter is an attempt to explore various types of financial frauds and its effects on the individuals as well as organization.
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    Digital Transformation in the Financial Sector: AI “a blessing in disguise
    (NAVYUG PUBLICATIONS, 2023) Orooj Siddiqui
    The primary aim of the present research is to provide a brief literature review (SLR) onAI in banking sector, and extract evidence about the opportunities and challenges concerning the use of Artificial Intelligence (AI) in the banking sector. The present work, however focuses on a traditional approach of explaining the concept of AI by putting forward the objectives, concepts, challenges and history etc. The introduction of AI in banking sector has definitely a blessing in disguise as it provides opportunities like personalized services, smart wallets, decision-making and problem-solving, customer satisfaction and loyalty, process automation (especially targeting repetitive tasks), transactional security and cybersecurity improvements, and promotion of digital financial inclusionetc. Although it is very evident that every technological change comes with certain challenges as well, it is the responsibility of strategy formulators in a banking sector to overcome the existing and prospect AI challenges. However, the present existing studyis descriptive in nature and based on secondary sources of data. The present work provides a detail conceptual background of AI in banking sector, and its use in making banking services more efficient. The author suggests empirical researchon the present idea to increase understanding of the opportunities and difficulties presented byAI in the banking sector.