Leveraging Artificial Intelligence for Financial Inclusion

Mr Navneet Malik , Dr Monika Arora

Artificial Intelligence,Financial Inclusion,Digital Banking,Credit Scoring, AI in Microfinance, AI-Driven Financial Services,AI and fraud Detection,Risk Assessment AI, Fintech, AI and Financial Accessibility

Many people around the world still struggle to access basic financial services like banking, loans, and insurance. This lack of access makes it difficult for them to save money, invest in businesses, or handle financial emergencies. Financial inclusion is an important goal, and Artificial Intelligence (AI) is playing a key role in making financial services more available to everyone. AI-powered tools are helping banks and financial companies offer better services to underserved communities. For example, digital banking allows people to access their accounts and make transactions using their mobile phones, even if they live in remote areas. AI-based credit scoring can help those without a traditional credit history qualify for loans by analyzing their spending patterns and mobile data. AI also helps detect fraud, making financial transactions safer. Additionally, AI-driven chatbots and financial education tools can guide people in managing their money wisely. While AI brings many benefits, there are also challenges. Sometimes, AI systems may have biases that lead to unfair decisions. Privacy is another concern, as AI relies on collecting and analyzing personal data. Additionally, financial regulations must be updated to ensure AI is used responsibly. This paper explores how AI is improving financial inclusion through real-world examples. It also suggests ways to overcome challenges and improve policies so that AI can create a fairer and more accessible financial system for everyone.

Published Paper   E-Certificate

"Leveraging Artificial Intelligence for Financial Inclusion", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.10, Issue 3, page no.b45-b55, March-2025, Available :https://ijsdr.org/papers/IJSDR2503107.pdf

Volume 10 Issue 3, March-2025

Pages : b45-b55

Paper Reg. ID: IJSDR_301001

Published Paper Id: IJSDR2503107

Downloads: 000132

Research Area: Management All

Country: Gurgaon, Haryana, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2503107

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2503107

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition