Recent Developments in AI and Its Impact on Financial Literacy

Bala Pratap Singh; Trilochan Sharma

doi:10.69968/ijisem.2024v3si214-18

Authors

Bala Pratap Singh Research Scholar, Dept. of Business Administration, MJP Rohilkhand University, Bareilly
Trilochan Sharma Professor, Dept. of Business Administration, MJP Rohilkhand University, Bareilly

DOI:

https://doi.org/10.69968/ijisem.2024v3si214-18

Keywords:

Financial, Population, Development, Technology, Digital, Transformation

Abstract

The convergence of financial literacy and artificial intelligence (AI) presents a promising future for Bharat economic landscape. As the country adopts digital technology, AI is transforming financial education and making it accessible to all. This research examines recent developments in artificial intelligence and the impact on financial literacy. Analysing the integration of AI in financial education platforms and personal financial planning applications, the study examines the effectiveness of these innovations in enhancing financial literacy among diverse populations. The study also discusses potential challenges posed by AI, such as ethical and moral concerns, security risks, and legal and regulatory challenges.

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