Common applications of artificial intelligence in finance include fraud detection, algorithmic trading, credit scoring, and customer support. AI algorithms analyze large volumes of transactions and identify anomalies, enhancing security measures. In trading, AI assists in making rapid, data-driven decisions to maximize profits. Additionally, machine learning models evaluate creditworthiness by examining applicants' data, while chatbots improve customer interactions by providing instant support. Overall, AI drives efficiency, accuracy, and improved decision-making within the financial sector.