Designing AI driven compliance frameworks to expand digital banking access in underserved US Communities

Sam Orji *

Corporate Finance Law, University of Westminster, London, UK.
 
Review
International Journal of Science and Research Archive, 2024, 13(02), 3120-3123.
Article DOI: 10.30574/ijsra.2024.13.2.2494
Publication history: 
Received on 06 November 2024; revised on 18 December 2024; accepted on 20 December 2024
 
Abstract: 
Expanding digital banking access in underserved communities is vital to financial inclusion in the United States. However, regulatory compliance challenges and a lack of tailored banking solutions hinder progress. This paper explores the integration of Artificial Intelligence (AI) to create dynamic compliance frameworks that facilitate broader access to digital banking. AI can not only streamline regulatory adherence but also personalize banking services, fostering trust and reducing barriers for underserved populations. By combining AI capabilities with robust compliance measures, financial institutions can ensure equitable banking access while maintaining regulatory integrity.
 
Keywords: 
AI; Finance; Banking; Digital; Financial Institutions
 
Full text article in PDF: 
 
Copyright information: 

Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0