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CHATBOTS
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CHATBOT
Chatbots: Your New Personal Financial Assistants
Technology is evolving with time and is affecting everything around us – from education, to health care,
to business, and so on. It has had a major impact in the financial sector, further developing and
revolutionizing it. Millions of softwares and tools have arrived which have transformed the financial
system. Among them, one is chatbot which has entered our daily lives and is affecting the financial system
in many ways. Chatbots are being applied in various sectors and industries in a productive and effective
manner.
Chatbots as Financial Tools
Chatbots can be applied creatively in the financial sector as a personalized financial advisor for taking
advice on financial matters like investing money in properties or cars. It can simplify complex financial
terms and concepts and present it to the user in a comparatively simpler and easily understandable
manner. Chatbots can be conveniently used in checking bank balance, handling multiple accounts,
making payments and in financial transactions without downloading any app. It can ease up the entire
financial transaction procedure
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