New Delhi, May 23 -- The fintech industry has been revolutionized by the integration of artificial intelligence (AI) in recent years. Startups are leveraging AI to improve efficiency, enhance customer experience, and mitigate risk in the financial sector. For instance, AI-powered chatbots can handle customer inquiries 24/7, reducing the need for human customer support, and saving costs.

Fraud detection and prevention systems powered by AI can analyze large amounts of data and identify anomalies that may indicate fraudulent behavior.

AI can also be used to personalize financial services and investment recommendations to individual customers, increasing engagement and satisfaction. Overall, startups that leverage AI in the fintech industr...