In the present situation, applications of Artificial Intelligence are exercised
by most of the service sectors for obtaining several benefits. This research article
provides a general role of AI in financial services and its definition in practical
scenarios. The research work is mostly qualitative and does not include any data
analysis for its results. This chapter describes the major benefits derived by the
practices of AI in general in the financial sector and vehicular communication. For the
study, some examples of the role of AI in service organizations are analyzed and results
are given from their findings. The authors have explained the benefits of AI from the
perspectives of both customers and service providers. This research report provides
brief information about AI in general and the advantages of AI for financial institutions
in achieving its financial outcomes and helping in market development.
Keywords: Artificial Intelligence, Financial Institution Market Development,
Financial Services, Financial Stability.