In recent times, there have been many topics on how artificial intelligence can be used in finance: automatic financial advice, new tools, more accurate prediction, automatic trading, data management, poverty alleviation, new ethical dilemmas.
The below URL provides useful information on the role of AI in finance:
https://towardsdatascience.com/the-growing-impact-of-ai-in-financial-services-six-examples-da386c0301b2
Preprint Intellectual activity, knowledge, information, data... An at...
AI can
-help automate partially customer facing financial services
-is powerful for big data analytics, to detect market events and act on these
These are the two main areas:
-the first has front office impact
for instance online banking, online insurance, e-commerce of financial products and services
-the second has back office impact
for instance portfolio management, high frequency trading, etc
I hope that the above helps structure your investigation /research/survey.
Let me know
- enhanced "core business prediction"
- automation
- new customer proposition
It could be useful: Article Efficient Automation of Decision-making Processes in Financi...
I would add: portfolio management and portfolio construction. And I think we should carefully distinguish between Artificial Intelligence (AI) and Machine Learning (ML). I am working on an article about the technological changes in finance. You will find a short literature list attached.
Dear Colleagues and Friends from RG, The possibilities of applying Industry 4.0 technology including artificial intelligence in the financial sector are huge. In principle, the financial sector belongs to those sectors in the national economy in which the possibilities of using ICT, Internet and Industry 4.0 technologies including artificial intelligence, learning machines, Internet of Things, Business Intelligence, Big Data, Data Analytics etc. are the largest. Some of the ICT, Internet and Industry 4.0 information technologies have been implemented for many years in sales systems, electronic internet and mobile banking systems, for banking analytics, for financial risk management etc. in financial institutions. However, the use of the huge opportunities offered by artificial intelligence in the field of finance is just beginning, but the potential for this use is huge. An indirect but significant competition for the development of financial systems has now begun between banks and other financial sector institutions and technology companies operating mainly or exclusively on the Internet called fintechs. one of the factors of this competition is the issue of effective implementation into its operations in the field of finance, financial services, Internet billing, information technology, ICT, Internet, Industry 4.0 including artificial intelligence, learning machines, Internet of Things, Business Intelligence, Big Data, Data Analytics , besides blockchain technology, cryptocurrency, cloud computing and other advanced data mining technologies, etc. I have discussed the problems of using artificial intelligence in the financial sector in my Questions and Discussions held at this Research Gate discussion forum. However, the problems of using other ICT information technologies, Internet, Industry 4.0 including Big Data database technologies, analytical Business Intelligence and other applications in financial institutions are described in my scientific publications available on the Research Gate portal. I invite you to cooperation.
Best wishes
Dariusz Prokopowicz
Applications of Artificial Intelligence in Finance-
- Risk Management
- Fraud Detection
- Customer Contentment
- Badges
- Science topic
- Similar topics
- Computer Science and Engineering
- Artificial Intelligence