AI UNLEASHED TRANSFORMING PERSONAL FINANCE WITH ARTIFICIAL INTELLIGENCE

Abstract

This study, titled "AI Unleashed: Transforming Personal Finance with Artificial Intelligence," offers a comprehensive exploration of the modern landscape of artificial intelligence (AI) applications in personal financial management (Bahoo et al., 2024). By focusing on AI-driven budgeting apps, robo-advisors, and fraud detection systems, the study aims to elucidate how AI technologies are reshaping individuals' approaches to managing their finances. Through an indepth examination of current trends and innovations, the research sheds light on the profound impact of AI on personal financial management. By providing insights into the evolving role of technology in shaping financial behavior and decision-making processes, the study contributes to a deeper understanding of the transformative potential of AI in the realm of personal finance. Through this analysis, the study seeks to inform stakeholders about the implications of AI adoption in personal financial management, highlighting opportunities and challenges in leveraging technology to optimize financial strategies and outcomes.

Keywords: Artificial Intelligence, Personal Finance, Transformative Potential, AI-driven Budgeting Apps, Robo-advisors, Fraud Detection Systems, Financial Management, Technology, Financial Behavior, Decision-making Processes, Implications, Opportunities, Challenges