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Artificial Intelligence (AI) has become a powerful tool for the FinTech industry, assisting in various aspects such as improving risk management and fraud detection, and enhancing customer experiences. AI-powered customer support tools, such as chatbots and virtual assistants, are available 24/7 and can help customers with basic tasks, such as checking account balances and setting up automatic payments. AI can also analyze vast amounts of historical data quickly to spot patterns that may not be apparent to human analysis.