2024
DOI: 10.4018/979-8-3693-2185-0.ch003
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The Rise and Rise of Artificial Intelligence in the World of Finance

Vishwanathan Hariharan Iyer,
Ushmita Gupta,
Pritesh Pradeep Somani
et al.

Abstract: This chapter explores the burgeoning influence of artificial intelligence (AI) on financial services. The authors examine how AI is transforming various sectors, including algorithmic trading, risk management, fraud detection, and wealth management. The chapter analyses the benefits of AI, such as increased efficiency, accuracy, and data-driven decision-making. It also acknowledges potential challenges, including job displacement, algorithmic bias, and the need for robust regulatory frameworks. By critically a… Show more

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