AI in Finance
AI is transforming finance through fintech, enhancing banking, trading, fraud detection, and investment advising with machine learning.
What it examines
The chapter explores the transformative impact of AI and fintech on the financial services sector, focusing on areas like banking, hedge funds, and insurance. It aims to highlight how AI and ML can revolutionize activities such as robo-advisors, algorithmic trading, and asset valuation.
What it concludes
The chapter concludes that AI's integration in finance offers significant advantages, with potential applications in risk assessment and tax filing. Future research should explore further technological adoption to enhance financial research and practice.
Evidence objects
The chapter concludes that AI's integration in finance offers significant advantages, with potential applications in risk assessment and tax filing. Future research should explore further technological adoption to enhance financial research and practice.
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Raw abstract and provenance
AI in Finance | 11 | Artificial Intelligence for Business | Syed Hasan Skip to main content Breadcrumbs Section. Click here to navigate to respective pages. Chapter Chapter AI in Finance DOI link for AI in Finance AI in Finance By Syed Hasan Jafar , Parvez Alam , Hani El-Chaarani Book Artificial Intelligence for Business Click here to navigate to parent product. Edition 1st Edition First Published 2023 Imprint Productivity Press Pages 23 eBook ISBN 9781003358411 Share ABSTRACT The financial services sector is being rapidly transformed by artificial intelligence (AI) and its creative uses. The era is moving toward fintech which is an untapped area of emerging finance. The adoption of fintech combined with AI and machine learning (ML) will give a huge advantage and can change the entire dynamics of the upcoming finance domain. The main users of AI in finance were hedge funds and HFT companies, but it has since moved to banking, fintech, and insurance companies as well. AI is used in the
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