Artificial Intelligence in retail Banking and the impact to consumer behaviors

The following research examines how retail banking AI affects customer behaviour. AI may enhance consumer experience, engagement, and cost. It improves account opening and loan application efficiency and accuracy. AI may also personalize services, determine client preferences, and provide contextual...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Elkhoudaimi, Nour El-Houda (author)
منشور في: 2023
الوصول للمادة أونلاين:https://depot.sorbonne.ae/handle/20.500.12458/1564
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author Elkhoudaimi, Nour El-Houda
author_facet Elkhoudaimi, Nour El-Houda
author_role author
dc.creator.none.fl_str_mv Elkhoudaimi, Nour El-Houda
dc.date.none.fl_str_mv 2023
2024-03-25T09:15:02Z
2024-03-25T09:15:02Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv https://depot.sorbonne.ae/handle/20.500.12458/1564
dc.language.none.fl_str_mv en
dc.title.none.fl_str_mv Artificial Intelligence in retail Banking and the impact to consumer behaviors
dc.type.none.fl_str_mv Controlled Vocabulary for Resource Type Genres::text::thesis::master thesis
description The following research examines how retail banking AI affects customer behaviour. AI may enhance consumer experience, engagement, and cost. It improves account opening and loan application efficiency and accuracy. AI may also personalize services, determine client preferences, and provide contextual suggestions. The article examines how AI affects retail banking customer behaviour, trust, and loyalty. It also discusses AI implementation obstacles and ways for banks to succeed. Along with this, the results may help retail banks use AI to better understand and meet client wants. This secondary, theme study examines retail banking's use of AI and its effects on customer behaviour. AI technology has becoming essential to the banking business, with applications ranging from customer service automation to powering analytics and risk management. Its potential and ramifications must be examined. This study used interpretative and digital strategies to find relevant primary and secondary materials. Consumer behaviour research on artificial intelligence in retail banking generally focuses on conversational AI, automation and machine-learning AI, AI blockchains, and AI-driven financial solutions. The data show that AI is influencing consumer behaviour. AI's ease in automating banking and customer service, confidence in tailored suggestions, and other perks. AI technology in banking is changing customer behaviour and enabling a more sophisticated banking experience. AI banking may potentially provide hazards. Privacy, consumer uncertainty with AI, and data control. AI bias, accuracy, security, and other psychological and ethical issues influence customer behaviour. The presentation will conclude with possibilities and challenges for major retail banks as they experiment with AI and its effects on customer behaviour.
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network_acronym_str sorbonner
network_name_str Sorbonne University Abu Dhabi repository
oai_identifier_str oai:depot.sorbonne.ae:20.500.12458/1564
publishDate 2023
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spelling Artificial Intelligence in retail Banking and the impact to consumer behaviorsElkhoudaimi, Nour El-HoudaThe following research examines how retail banking AI affects customer behaviour. AI may enhance consumer experience, engagement, and cost. It improves account opening and loan application efficiency and accuracy. AI may also personalize services, determine client preferences, and provide contextual suggestions. The article examines how AI affects retail banking customer behaviour, trust, and loyalty. It also discusses AI implementation obstacles and ways for banks to succeed. Along with this, the results may help retail banks use AI to better understand and meet client wants. This secondary, theme study examines retail banking's use of AI and its effects on customer behaviour. AI technology has becoming essential to the banking business, with applications ranging from customer service automation to powering analytics and risk management. Its potential and ramifications must be examined. This study used interpretative and digital strategies to find relevant primary and secondary materials. Consumer behaviour research on artificial intelligence in retail banking generally focuses on conversational AI, automation and machine-learning AI, AI blockchains, and AI-driven financial solutions. The data show that AI is influencing consumer behaviour. AI's ease in automating banking and customer service, confidence in tailored suggestions, and other perks. AI technology in banking is changing customer behaviour and enabling a more sophisticated banking experience. AI banking may potentially provide hazards. Privacy, consumer uncertainty with AI, and data control. AI bias, accuracy, security, and other psychological and ethical issues influence customer behaviour. The presentation will conclude with possibilities and challenges for major retail banks as they experiment with AI and its effects on customer behaviour.2024-03-25T09:15:02Z2024-03-25T09:15:02Z2023Controlled Vocabulary for Resource Type Genres::text::thesis::master thesisapplication/pdfhttps://depot.sorbonne.ae/handle/20.500.12458/1564enoai:depot.sorbonne.ae:20.500.12458/15642024-03-25T18:00:31Z
spellingShingle Artificial Intelligence in retail Banking and the impact to consumer behaviors
Elkhoudaimi, Nour El-Houda
title Artificial Intelligence in retail Banking and the impact to consumer behaviors
title_full Artificial Intelligence in retail Banking and the impact to consumer behaviors
title_fullStr Artificial Intelligence in retail Banking and the impact to consumer behaviors
title_full_unstemmed Artificial Intelligence in retail Banking and the impact to consumer behaviors
title_short Artificial Intelligence in retail Banking and the impact to consumer behaviors
title_sort Artificial Intelligence in retail Banking and the impact to consumer behaviors
url https://depot.sorbonne.ae/handle/20.500.12458/1564