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FinCap Friday: Say Hi to Financial A.I. Flashcards | StudBud
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FinCap Friday: Say Hi to Financial A.I.
FinCap Friday: Say Hi to Financial A.I.
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1
What percentage of millennials reported a preference for online banking and not banking in-person?
78%
67%
17%
28%
2
What is one concern critics have about increased reliance on A.I. in finance?
Decreased efficiency in loan applications
Inaccurate financial advice provided by A.I. bots
Increase in the amount of debt individuals owe
Potential security risks for personal financial data
3
What is one way A.I. is already being used in the finance industry?
Customer service via chatbot
Analyze social media trends
Predict stock market fluctuations
File taxes without human involvement
4
Which age groups are the largest target customer base for banks in the US?
Gen Alpha and Gen Z
Gen X and Gen Y
Gen Z and Millennials
Boomers and Gen X
5
How can A.I. help customers manage their finances more effectively?
By automating jobs in the finance industry
By offering tax and legal advice to customers
By creating more interactive ATMs
By providing personalized budgeting plans
