Legal regulation of artificial intelligence and its role in the banking sector

The research aims to know, the legal regulation of artificial intelligence, and its role within the banking sector, where technology is one of the most important elements of the financial business environment in our contemporary time, as it constitutes the cornerstone in enhancing opportunities for survival, growth and continuity, and as a result of the rapid and continuous development in modern technological technologies, which It helped to devise new means and methods in providing banking services to customers. Artificial intelligence programs that are based on advanced modern technologies have appeared. in costs, mitigating risks, increasing revenues, raising the level of competition, and many banks have adopted artificial intelligence strategies to use and employ them in various banking services to achieve customer satisfaction and gain more from them, and many banks have been keen to use various banking channels, including: traditional channels, Automated teller machines, mobile phones, digital screens, the Internet, in addition to developing payment tools and means to be appropriate to the nature of modern transactions and in line with the electronic business environment. Bank cards, electronic checks, and electronic money were provided. And gain their satisfaction on the other hand.

The banking sector is a part of the economy dedicated to the possession of financial assets of others, the investment of those financial assets as a lever to create more wealth, and the organization of those activities by government agencies, and the bank is a financial institution that provides many financial services to customers such as lending, savings and payments, and also contributes to the financing of any An establishment through many financial services, as banks are defined as “establishments that accept money as deposits .