Artificial Intelligence in Financial Services and Banking Industry

Dr. V.V.L.N. Sastry

Mar 2020 · Idea Publishing

About this ebook

In the last couple of years, the finance and banking sectors have increasingly deployed and implemented Artificial Intelligence (AI) technologies. AI and machine learning are being rapidly adopted for a range of applications for front-end and back end processes to both business and financial management operations. Thus, it is quite significant to consider the financial stability repercussions of such uses. Since AI is relatively new, the data on the usage is largely unavailable, any analysis may be necessarily considered Preliminary1 . Some of the current and potential use cases of AI and machine learning in the finance sector include the following.  Institutions use AI and machine learning methods to optimize scarce capital, back-test models, and analyze the market impact of trading large positions.  Financial institutions and vendors use AI and machine learning techniques to evaluate credit quality for market and price insurance contracts, and to automate client interaction.  Brokers, hedge funds, and other firms are using AI and machine learning to find pointers for higher (and uncorrelated) returns to optimize trading execution.  Private and public sector institutions use these technologies for data quality assessment, surveillance, regulatory compliance, and fraud detection. This book seeks to map the use of AI in current state of affairs in the banking and financial sector. By doing so, it explores:  The present uses of AI in banking and finance and its narrative across the globe. 

Ratings and reviews

AÀA BOSS NETWORK

About the author

A Graduate in Technology, Dr.V.V.L.N. Sastry, holds M.B.A, LL.M, ACMA, M.Sc in Information Systems and Management from University of Roehampton, Ph.D in Banking, Ph.D in Computer Science, Ph. D in Financial Management, and Ph.D in Criminal Law and Public Policy from Walden University, U.S.A. Sastry, brings over 20 years of experience in the banking, investment banking, software industry and law. He is the author of more than 1000 published articles on varied subjects in the areas of IT, Banking, Finance, Economics and Law. He also has authored several books in the said fields. Rated among the top 1% in the world wide applied academics by www.academia.edu, his applied research contributions are well received across the world.