2023
DOI: 10.61351/mf.v1i1.67
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What will ChatGPT revolutionize in the financial industry?

Hassnian Ali,
Ahmet Faruk Aysan

Abstract: The launch of the open AI chatbot, ChatGPT, in November 2022 has generated widespread excitement around Generative Artificial Intelligence (AI). While researchers have explored ChatGPT's ability to produce content and respond to input, our study takes a different approach and examines its use cases in the financial industry. We aim to understand what ChatGPT offers the financial industry and how it differs from existing banking and financial chatbots. Financial institutions can use ChatGPT for a variety of pur… Show more

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Cited by 4 publications
(1 citation statement)
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“…For instance, the study by Dowling and Lucey [143] explores the potential of ChatGPT in finance research, underscoring its utility in idea generation and data identification, while also highlighting limitations in literature synthesis and developing testing frameworks. Additionally, the work of Ali and Aysan [144], published after our search deadline, delves into the diverse applications of ChatGPT in finance, ranging from customer engagement to stock forecasting. These studies indicate a growing recognition of GAI's potential within the financial sector and propose an expanding research horizon.…”
Section: Conclusion and Future Researchmentioning
confidence: 99%
“…For instance, the study by Dowling and Lucey [143] explores the potential of ChatGPT in finance research, underscoring its utility in idea generation and data identification, while also highlighting limitations in literature synthesis and developing testing frameworks. Additionally, the work of Ali and Aysan [144], published after our search deadline, delves into the diverse applications of ChatGPT in finance, ranging from customer engagement to stock forecasting. These studies indicate a growing recognition of GAI's potential within the financial sector and propose an expanding research horizon.…”
Section: Conclusion and Future Researchmentioning
confidence: 99%