This Fintech Times article discusses the growing adoption of Artificial Intelligence within the Middle East, specifically focusing on its role in driving inclusive growth in finance, insurance, and government sectors. The piece highlights how AI and machine learning are being leveraged to improve financial inclusion, streamline government services, and foster innovation within the regional fintech ecosystem.
For the Finance and Insurance sectors, AI's impact will be pronounced in areas like fraud prevention, automated underwriting, personalized customer service via chatbots, and algorithmic trading. For Government, it translates to smart city initiatives, automated regulatory compliance, improved public service delivery via AI-powered platforms, and enhanced national security through AI-driven surveillance systems.
Businesses in the Middle East can leverage AI and machine learning to automate processes, improve customer service, and personalize financial products. This includes using AI for fraud detection, risk management, and developing more efficient and accessible digital banking services. Government entities can also use AI for improved governance, citizen services, and resource management.