AI in Financial Services By A Staff Writer / July 11, 2025 Welcome to your AI in Financial Services Level: Intermediate Which of the following is a common use of AI in finance? Fraud detection and prevention Building skyscrapers Editing financial spreadsheets manually Replacing human resources staff None Which machine learning technique is widely used for credit scoring? Decision Trees Image Recognition Neural Style Transfer Genetic Algorithms None What is algorithmic trading? The use of AI to trade physical goods The automated trading of financial instruments using AI and rules-based systems Manual trading through AI applications Trading cryptocurrencies without human oversight None How does AI enhance personalized financial advice? By analyzing individual spending and investment patterns By setting generic templates for users By blocking access to certain accounts By increasing transaction speeds None What is a robo-advisor in the financial world? A robot that manages bank branches An AI-driven platform that provides automated investment advice A physical device for stock trading A customer support AI chatbot None Time's up
