Business Framework of AI-Based ChatGPT in FinTech

Within the field of Financial Technology (FinTech), this chapter provides a comprehensive review of the strategic integration and deployment of chat systems that are powered by Artificial Intelligence (AI), with a particular emphasis on ChatGPT. This in-depth research starts with an explanation of the fundamental concepts of artificial intelligence and then goes into the distinctive skills that ChatGPT provides to the field of finance. Throughout this chapter, the business structure that is associated with the deployment of ChatGPT in the FinTech industry is investigated in great detail. Important considerations are taken into account, including compliance with regulations, preservation of data, and ethical potential consequences. This book provides readers with significant insights into how financial institutions leverage the potential of ChatGPT to improve client interactions, simplify communication, and optimize a variety of operational processes. These insights are provided via the investigation of real-life cases. The purpose of this research is to investigate the incorporation of artificial intelligence (AI) into financial talks. It demonstrates the tremendous influence that ChatGPT has had on enhancing customer engagement and simplifying corporate procedures. The purpose of this chapter is to provide readers with a comprehensive grasp of how to strategically utilize AI-powered ChatGPT in the financial technology industry by conducting an in-depth examination of the complexities of the business framework.