TRANSFORMATION OF THE BANKING SECTOR AND THEIR SERVICES IN BANGLADESH USING ARTIFICIAL INTELLIGENCE 0 0
Keywords:
Artificial Intelligence, Digital Technology, Blockchain Technology, Machine Learning, Robotics, Banking ServiceAbstract
The present day is the age of digitalization, and artificial intelligence (AI) has played a major
role in our daily lives. The acceptance of digital technology has significantly transmuted
Bangladesh’s financial industry in the preceding decade and a half. The advancement of
technology has given a new dimension to various banking sectors and their services in
Bangladesh. The purpose of writing this paper is to understand how AI works in the various
elements of the financial sector to make it more effective with prime utilization of resources
and accuracy of predictions and decisions. This research report identifies AI adoption
opportunities for Bangladesh that can transcend its future prospects towards greater prosperity.
This paper explored the performance and efficiency of banks working in Bangladesh. This
paper gives precise suggestions, one of which is adopting the integrated AI and blockchain
model, which will be much safer and more effective in allocating maximum security, privacy,
and accuracy. This paper explains the threats or challenges at different levels of banking
facilities in Bangladesh where banks should avoid the implementation of AI or robotics in
banking operations.
