Ai Revolution in Finance: Transforming Banking, Investment, and Risk Management
Year: 2024
Type: article
Abstract: This comprehensive article explores the transformative impact of Artificial Intelligence (AI) on the financial industry, focusing on its applications in banking, investment, trading, regulatory compliance, and risk management. It examines how AI technologies revolutionize traditional practices, enhance efficiency, and introduce innovative solutions across various financial sectors. The article discusses specific examples of AI implementation by major financial institutions, highlighting the benefits and challenges of these advancements. It also delves into the future prospects of AI in finance, including emerging technologies like quantum computing and explainable AI, while addressing the ethical considerations and regulatory challenges accompanying the increasing reliance on AI in financial decision-making.
Author: Researcher
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6892980216
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