Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security write by Kunjumuhammed, Siraj Kariyilaparambu. This book was released on 2024-08-01. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security available in PDF, EPUB and Kindle. Integrating Artificial Intelligence (AI) presents immense opportunities and daunting challenges in the rapidly evolving finance landscape as AI-driven algorithms and models revolutionize decision-making and enhance efficiency, concerns about bias, ethics, and security loom. Financial institutions must navigate these complexities responsibly while leveraging AI's potential to innovate and thrive. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security guides this dynamic environment. Written for professionals, researchers, policymakers, and students, this book comprehensively explores AI's impact on finance. It delves into the intricacies of bias in algorithms, ethical frameworks, cybersecurity, and regulatory compliance, offering actionable insights to address these critical issues.
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance write by El Bachir Boukherouaa. This book was released on 2021-10-22. Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance available in PDF, EPUB and Kindle. This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Artificial Intelligence for Risk Mitigation in the Financial Industry
Artificial Intelligence for Risk Mitigation in the Financial Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Artificial Intelligence for Risk Mitigation in the Financial Industry write by Ambrish Kumar Mishra. This book was released on 2024-07-03. Artificial Intelligence for Risk Mitigation in the Financial Industry available in PDF, EPUB and Kindle. Artificial Intelligence for Risk Mitigation in the Financial Industry This book extensively explores the implementation of AI in the risk mitigation process and provides information for auditing, banking, and financial sectors on how to reduce risk and enhance effective reliability. The applications of the financial industry incorporate vast volumes of structured and unstructured data to gain insight into the financial and non-financial performance of companies. As a result of exponentially increasing data, auditors and management professionals need to enhance processing capabilities while maintaining the effectiveness and reliability of the risk mitigation process. The risk mitigation and audit procedures are processes involving the progression of activities to “transform inputs into output.” As AI systems continue to grow mainstream, it is difficult to imagine an aspect of risk mitigation in the financial industry that will not require AI-related assurance or AI-assisted advisory services. AI can be used as a strong tool in many ways, like the prevention of fraud, money laundering, and cybercrime, detection of risks and probability of NPAs at early stages, sound lending, etc. Audience This is an introductory book that provides insights into the advantages of risk mitigation by the adoption of AI in the financial industry. The subject is not only restricted to individuals like researchers, auditors, and management professionals, but also includes decision-making authorities like the government. This book is a valuable guide to the utilization of AI for risk mitigation and will serve as an important standalone reference for years to come.
Artificial Intelligence in Finance
Artificial Intelligence in Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Artificial Intelligence in Finance write by Nydia Remolina. This book was released on 2023-04-28. Artificial Intelligence in Finance available in PDF, EPUB and Kindle. This book provides a comprehensive analysis of the primary challenges, opportunities and regulatory developments associated with the use of artificial intelligence (AI) in the financial sector. It will show that, while AI has the potential to promote a more inclusive and competitive financial system, the increasing use of AI may bring certain risks and regulatory challenges that need to be addressed by regulators and policymakers. After analysing the technological foundations of AI, the book focuses on the use and regulatory challenges of AI in the banking, capital markets and insurance industries. It also analyses, compares and assesses the different strategies and international approaches that have been adopted to address the challenges raised by the use of AI. The book concludes by providing a holistic and cross-sectoral analysis of the use of AI in the financial sector. The comprehensive, interdisciplinary, and industry-relevant approach adopted in Artificial Intelligence in Finance will provide students, practitioners and academics interested in financial markets with a broad understanding of the challenges and opportunities of AI in the financial sector. Additionally, the comparative and policy-oriented approach also adopted in the book will provide regulators and policymakers with innovative ideas and regulatory solutions that will help them address some of the most critical challenges associated with a new data-driven financial system.
Artificial Intelligence in Banking
Artificial Intelligence in Banking - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Artificial Intelligence in Banking write by Introbooks. This book was released on 2020-04-07. Artificial Intelligence in Banking available in PDF, EPUB and Kindle. In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."
