"Adoption of artificial intelligence (AI) in the banking sector can provide a transformative edge by initiating digitalization and equipping banks to compete effectively with fintech entities. The future of banking lies in AI, leveraging its capabilities for advanced data analytics to combat fraudulent transactions and enhance compliance. AI algorithms enable anti-money laundering activities to be executed quickly, condensing tasks that traditionally take hours or days. Furthermore, AI empowers banks to efficiently manage massive amounts of data, extracting valuable insights at unprecedented speed. Features such as AI bots, digital payment advisors, and biometric fraud detection mechanisms contribute to delivering high-quality services to a broader customer base. The cumulative effect of these advancements will lead to increased revenues, reduced costs, and a significant increase in profits."