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AI in Banking: Innovating Financial Services

Author : DIZZY DAVIDSON

Publisher : Pure Water Books

Page : 95 pages

File Size : 31,68 MB

Release : 2024-08-30

Category : Computers

ISBN :

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Book Description

Are you struggling to fully understand how AI is transforming the banking industry? Are you curious about the ways AI can enhance customer service, detect fraud, and optimize operations? Look no further! “AI in Banking: Innovating Financial Services” is your comprehensive guide to navigating the complex world of AI in the financial sector. This book demystifies AI, offering clear explanations and practical insights into its applications in banking. Benefits of Reading This Book: Gain a deep understanding of how AI is revolutionizing banking. Learn practical applications of AI in customer service, fraud detection, risk management, and more. Discover how AI can enhance operational efficiency and security in your financial institution. Why This Book is Essential: Expert Insights: Written by industry professionals, this book provides authoritative knowledge on AI in banking. Real-World Examples: Learn from case studies and examples of successful AI implementations. Actionable Strategies: Get practical advice on how to apply AI concepts to improve your banking operations. Key Topics Covered: AI-powered customer service and virtual assistants Real-time fraud detection and prevention AI-driven risk management and credit assessment Personalized banking experiences through AI Regulatory compliance automation Predictive analytics for market trends and customer needs Automation of back-office operations AI in investment management and loan underwriting Enhancing cybersecurity with AI Take Action Now! Don’t miss out on the opportunity to become knowledgeable about AI in banking. Get your copy of “AI in Banking: Innovating Financial Services” today and unlock the benefits of AI for your financial institution. Transform your understanding and application of AI in the banking industry!



Artificial Intelligence in Banking

Author : Introbooks

Publisher :

Page : 50 pages

File Size : 28,14 MB

Release : 2020-04-07

Category :

ISBN :

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Book Description

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."



Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa

Publisher : International Monetary Fund

Page : 35 pages

File Size : 16,79 MB

Release : 2021-10-22

Category : Business & Economics

ISBN : 1589063953

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Book Description

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.



Handbook of Research on Innovative Management Using AI in Industry 5.0

Author : Garg, Vikas

Publisher : IGI Global

Page : 351 pages

File Size : 16,98 MB

Release : 2021-11-19

Category : Business & Economics

ISBN : 1799884996

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Book Description

There is no industry left where artificial intelligence is not used in some capacity. The application of this technology has already stretched across a multitude of domains including law and policy; it will soon permeate areas beyond anyone’s imagination. Technology giants such as Google, Apple, and Facebook are already investing their money, effort, and time toward integrating artificial intelligence. As this technology continues to develop and expand, it is critical for everyone to understand the various applications of artificial intelligence and its full potential. The Handbook of Research on Innovative Management Using AI in Industry 5.0 uncovers new and innovative features of artificial intelligence and how it can help in raising economic efficiency at both micro and macro levels and provides a deeper understanding of the relevant aspects of artificial intelligence impacting efficacy for better output. Covering topics such as consumer behavior, information technology, and personalized banking, it is an ideal resource for researchers, academicians, policymakers, business professionals, companies, and students.



The AI Book

Author : Ivana Bartoletti

Publisher : John Wiley & Sons

Page : 304 pages

File Size : 37,37 MB

Release : 2020-06-29

Category : Business & Economics

ISBN : 1119551900

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Book Description

Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: · Understanding the AI Portfolio: from machine learning to chatbots, to natural language processing (NLP); a deep dive into the Machine Intelligence Landscape; essentials on core technologies, rethinking enterprise, rethinking industries, rethinking humans; quantum computing and next-generation AI · AI experimentation and embedded usage, and the change in business model, value proposition, organisation, customer and co-worker experiences in today’s Financial Services Industry · The future state of financial services and capital markets – what’s next for the real-world implementation of AITech? · The innovating customer – users are not waiting for the financial services industry to work out how AI can re-shape their sector, profitability and competitiveness · Boardroom issues created and magnified by AI trends, including conduct, regulation & oversight in an algo-driven world, cybersecurity, diversity & inclusion, data privacy, the ‘unbundled corporation’ & the future of work, social responsibility, sustainability, and the new leadership imperatives · Ethical considerations of deploying Al solutions and why explainable Al is so important



Innovative Strategies for Implementing FinTech in Banking

Author : Albastaki, Yousif Abdullatif

Publisher : IGI Global

Page : 367 pages

File Size : 27,6 MB

Release : 2020-08-28

Category : Business & Economics

ISBN : 1799832597

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Book Description

FinTech is encouraging various new practices, such as diminishing the use of cash in different countries, increasing rate of mobile payments, and introducing new algorithms for high-frequency trading across national boundaries. It is paving the way for new technologies emerging in the information technology scene that allow financial service firms to automate existing business processes and offer new products, including crowdfunding or peer-to-peer insurance. These new products cater to hybrid client interaction and customer self-services, changing the ecosystem by increasing outsourcing for focused specialization by resizing and leading to new ecosystems and new regulations for encouraging FinTech. However, such new ecosystems are also accompanied by new challenges. Innovative Strategies for Implementing FinTech in Banking provides emerging research exploring the theoretical and practical aspects of technology inclusion in the financial sector and applications within global financing. It provides a clear direction for the effective implementation of FinTech initiatives/programs for improving banking financial processes, financial organizational learning, and performance excellence. Featuring coverage on a broad range of topics such as artificial intelligence, social financing, and customer satisfaction, this book encourages the management of the financial industry to take a proactive attitude toward FinTech, resulting in a better decision-making capability that will support financial organizations in their journey towards becoming FinTech-based organizations. As such, this book is ideally designed for financial analysts, finance managers, finance administrators, banking professionals, IT consultants, researchers, academics, students, and practitio



The Leading Practice of Decision Making in Modern Business Systems

Author : Elena G. Popkova

Publisher : Emerald Group Publishing

Page : 172 pages

File Size : 17,11 MB

Release : 2019-12-02

Category : Business & Economics

ISBN : 1838674772

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Book Description

Concentrating on the Russian model, this book reflects the leading practical experience of decision making in modern business systems and presents innovative technologies and perspectives to optimize this process.



Managerial Issues in Digital Transformation of Global Modern Corporations

Author : Esakki, Thangasamy

Publisher : IGI Global

Page : 323 pages

File Size : 10,37 MB

Release : 2021-06-25

Category : Business & Economics

ISBN : 1799824047

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Book Description

Efficient management of managerial tasks by capable managers is essential in order to grow and remain competitive in today’s global business market. On the other hand, digital transformation enables organizations to better compete with their global counterparts. In the process of digital transformation, many firms find it difficult to acquire qualified leadership with adequate knowledge and competence to drive success. Without integrating the dual edges of managerial competence and digital evolution, it is next to impossible for a firm to both survive and grow. Managerial Issues in Digital Transformation of Global Modern Corporations is a critical scholarly publication that examines current challenges in the digital transformation of modern business corporations from a managerial and leadership perspective. Featuring a wide range of topics such as digital transformation, marketing, and global business, this book is ideal for corporate executives, managers, IT specialists, entrepreneurs, business administrators, industry practitioners, academicians, researchers, policymakers, and students from various relevant disciplines that include economics, information and technology, business administration, management science, and commerce.



The Future of Finance

Author : Henri Arslanian

Publisher : Springer

Page : 318 pages

File Size : 20,4 MB

Release : 2019-07-15

Category : Business & Economics

ISBN : 3030145336

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Book Description

This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.



Banking 5.0

Author : Bernardo Nicoletti

Publisher : Springer Nature

Page : 540 pages

File Size : 10,91 MB

Release : 2021-07-06

Category : Business & Economics

ISBN : 3030758710

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Book Description

Bill Gates’ quote, “Banking is necessary, but banks are not,” showcases the opportunity for financial services digital transformation. The next transition from industry 4.0 to 5.0 will impact all sectors, including banking. It will combine information technology and automation, based on artificial intelligence, person-robot collaboration, and sustainability. It is time to analyze this transformation in banking deeply, so that the sector can adequately change to the ‘New Normal’ and a wholly modified banking model can be properly embedded in the business. This book presents a conceptual model of banking 5.0, detailing its implementation in processes, platforms, people, and partnerships of financial services organizations companies. The last part of the book is then dedicated to future developments. Of interest to academics, researchers, and professionals in banking, financial technology, and financial services, this book also includes business cases in financial services.