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