How Artificial Intelligence Is Promoting Financial Inclusion? A Study On Barriers Of Financial Inclusion
- Resource Type
- Conference
- Authors
- Yasir, Anam; Ahmad, Alia; Abbas, Sagheer; Inairat, Mohammad; Al-Kassem, Amer Hani; Rasool, Atta
- Source
- 2022 International Conference on Business Analytics for Technology and Security (ICBATS) Business Analytics for Technology and Security (ICBATS), 2022 International Conference on. :1-6 Feb, 2022
- Subject
- Communication, Networking and Broadcast Technologies
Computing and Processing
Engineering Profession
Geoscience
Robotics and Control Systems
Signal Processing and Analysis
Economics
Ethics
Data privacy
Terrorism
Finance
Aging
Fourth Industrial Revolution
Financial inclusion
barriers
artificial intelligence
- Language
Financial inclusion has received wider attention from policymakers worldwide, as it is considered a strong pillar for human development also. Traditional financial systems of countries are not able enough to attract all segments of society. There are various barriers to the legacy system which hinder the involvement of privileged members of society in the financial sector. This study is intended to provide theoretical insights on the role of Artificial Intelligence (AI) in promoting financial inclusion. The study supports the argument by providing realtime examples of AI applications being deployed by various countries in removing barriers to financial inclusion. AI implementation for promoting financial inclusion can be made possible by supporting regulatory framework and infrastructure.