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AI and the Future of Banking

Author : Tony Boobier

Publisher : John Wiley & Sons

Page : 298 pages

File Size : 28,41 MB

Release : 2020-04-09

Category : Business & Economics

ISBN : 1119596149

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Book Description

An industry-specific guide to the applications of Advanced Analytics and AI to the banking industry Artificial Intelligence (AI) technologies help organisations to get smarter and more effective over time – ultimately responding to, learning from and interacting with human voices. It is predicted that by 2025, half of all businesses will be using these intelligent, self-learning systems. Across its entire breadth and depth, the banking industry is at the forefront of investigating Advanced Analytics and AI technology for use in a broad range of applications, such as customer analytics and providing wealth advice for clients. AI and the Future of Banking provides new and established banking industry professionals with the essential information on the implications of data and analytics on their roles, responsibilities and personal career development. Unlike existing books on the subject which tend to be overly technical and complex, this accessible, reader-friendly guide is designed to be easily understood by any banking professional with limited or no IT background. Chapters focus on practical guidance on the use of analytics to improve operational effectiveness, customer retention and finance and risk management. Theory and published case studies are clearly explained, whilst considerations such as operating costs, regulation and market saturation are discussed in real-world context. Written by a recognised expert in AI and Advanced Analytics, this book: Explores the numerous applications for Advanced Analytics and AI in various areas of banking and finance Offers advice on the most effective ways to integrate AI into existing bank ecosystems Suggests alternative and complementary visions for the future of banking, addressing issues like branch transformation, new models of universal banking and ‘debranding’ Explains the concept of ‘Open Banking,’ which securely shares information without needing to reveal passwords Addresses the development of leadership relative to AI adoption in the banking industry AI and the Future of Banking is an informative and up-to-date resource for bank executives and managers, new entrants to the banking industry, financial technology and financial services practitioners and students in postgraduate finance and banking courses.



Artificial Intelligence in Banking

Author : Introbooks

Publisher :

Page : 50 pages

File Size : 34,22 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 : 42,75 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.



Hands-On Artificial Intelligence for Banking

Author : Jeffrey Ng

Publisher : Packt Publishing Ltd

Page : 232 pages

File Size : 46,51 MB

Release : 2020-07-10

Category : Computers

ISBN : 1788833961

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Book Description

Delve into the world of real-world financial applications using deep learning, artificial intelligence, and production-grade data feeds and technology with Python Key FeaturesUnderstand how to obtain financial data via Quandl or internal systemsAutomate commercial banking using artificial intelligence and Python programsImplement various artificial intelligence models to make personal banking easyBook Description Remodeling your outlook on banking begins with keeping up to date with the latest and most effective approaches, such as artificial intelligence (AI). Hands-On Artificial Intelligence for Banking is a practical guide that will help you advance in your career in the banking domain. The book will demonstrate AI implementation to make your banking services smoother, more cost-efficient, and accessible to clients, focusing on both the client- and server-side uses of AI. You’ll begin by understanding the importance of artificial intelligence, while also gaining insights into the recent AI revolution in the banking industry. Next, you’ll get hands-on machine learning experience, exploring how to use time series analysis and reinforcement learning to automate client procurements and banking and finance decisions. After this, you’ll progress to learning about mechanizing capital market decisions, using automated portfolio management systems and predicting the future of investment banking. In addition to this, you’ll explore concepts such as building personal wealth advisors and mass customization of client lifetime wealth. Finally, you’ll get to grips with some real-world AI considerations in the field of banking. By the end of this book, you’ll be equipped with the skills you need to navigate the finance domain by leveraging the power of AI. What you will learnAutomate commercial bank pricing with reinforcement learningPerform technical analysis using convolutional layers in KerasUse natural language processing (NLP) for predicting market responses and visualizing them using graph databasesDeploy a robot advisor to manage your personal finances via Open Bank APISense market needs using sentiment analysis for algorithmic marketingExplore AI adoption in banking using practical examplesUnderstand how to obtain financial data from commercial, open, and internal sourcesWho this book is for This is one of the most useful artificial intelligence books for machine learning engineers, data engineers, and data scientists working in the finance industry who are looking to implement AI in their business applications. The book will also help entrepreneurs, venture capitalists, investment bankers, and wealth managers who want to understand the importance of AI in finance and banking and how it can help them solve different problems related to these domains. Prior experience in the financial markets or banking domain, and working knowledge of the Python programming language are a must.



Generative AI in Practice

Author : Bernard Marr

Publisher : John Wiley & Sons

Page : 313 pages

File Size : 30,82 MB

Release : 2024-03-26

Category : Business & Economics

ISBN : 1394254245

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Book Description

An indispensable look at the next frontier of technological advancement and its impact on our world Generative AI is rewriting the rulebook with its seemingly endless capabilities, from crafting intricate industrial designs, writing computer code, and producing mesmerizing synthetic voices to composing enchanting music and innovating genetic breakthroughs. In Generative AI in Practice, renowned futurist Bernard Marr offers readers a deep dive into the captivating universe of GenAI. This comprehensive guide introduces you to the basics of this groundbreaking technology and outlines the profound impact that GenAI will have on business and society. Professionals, technophiles, and anyone with an interest in the future will need to understand how GenAI is set to redefine jobs, revolutionize business, and question the foundations everything we do. In this book, Marr sheds light on the most innovative real-world GenAI applications through practical examples, describing how they are moulding industries like retail, healthcare, education, finance, and beyond. You'll enjoy a captivating discussion of innovations in media and entertainment, seismic shifts in advertising, and the future trajectory of GenAI. You will: Navigate the complex landscapes of risks and challenges posed by Generative AI Delve into the revolutionary transformation of the job market in the age of GenAI Understand AI's transformative impact on education, healthcare, and retail Explore the boundless potentials in media, design, banking, coding, and even the legal arena Ideal for professionals, technophiles, and anyone eager to understand the next big thing in technology, Generative AI In Practice will equip readers with insights on how to implement GenAI, how GenAI is different to traditional AI, and a comprehensive list of generative AI tools available today.



Generative AI for Banking

Author : Rakesh Kumar

Publisher : Independently Published

Page : 0 pages

File Size : 49,31 MB

Release : 2024-04-11

Category : Business & Economics

ISBN :

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Book Description

In the ever-evolving landscape of banking and finance, the integration of cutting-edge technologies has become imperative for institutions seeking to remain competitive and meet the evolving needs of their customers. Among these technologies, Generative Artificial Intelligence (Generative AI) stands out as a transformative force, offering unprecedented capabilities to revolutionize various facets of banking operations, customer experiences, and risk management. This book, "Generative AI for Banking," serves as a comprehensive guide to understanding and harnessing the power of Generative AI in the banking sector. From personalized customer experiences to fraud detection and regulatory compliance, Generative AI presents a multitude of opportunities for banks to enhance efficiency, mitigate risks, and drive innovation. Through a combination of theoretical insights, practical case studies, and hands-on tutorials, this book aims to equip banking professionals, data scientists, and AI enthusiasts with the knowledge and tools necessary to leverage Generative AI effectively. Readers will explore the fundamentals of Generative AI, including variational autoencoders (VAEs), generative adversarial networks (GANs), and other advanced techniques, and discover how these technologies can be applied to address real-world challenges in banking. Furthermore, this book delves into the ethical and regulatory considerations inherent in the adoption of Generative AI in banking, emphasizing the importance of responsible AI governance and transparent decision-making. By navigating the complexities of data privacy, algorithmic bias, and regulatory compliance, banks can ensure that their Generative AI initiatives align with industry standards and societal expectations. Whether you are a banking professional seeking to unlock new opportunities for customer engagement, a data scientist exploring the frontier of AI innovation, or a regulator shaping the future of financial services, "Generative AI for Banking" offers invaluable insights and practical guidance for navigating the intersection of artificial intelligence and finance. Join us on a journey to discover the transformative potential of Generative AI in banking and embark on a path towards building smarter, more inclusive, and ethically-driven financial ecosystems for the future.



Smart Financial Market: AI and the Future of Banking

Author : Pritam Mehta

Publisher : Centre for Academic Research and Excellence

Page : 419 pages

File Size : 49,46 MB

Release : 2024-08-25

Category : Law

ISBN : 8197530882

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Book Description

Smart Financial Market: AI and the Future of Banking offers a comprehensive exploration of how artificial intelligence is transforming the financial industry. This essential read covers critical topics such as FinTech innovations, robo-advising, and evolving payment methods. The book is a collaboration of experts, including engineers, professors, law students, and bank managers, ensuring that the content is both authoritative and up-to-date with the current landscape. Delving into the intersection of technology and finance, this book provides readers with insights into the latest AI-driven solutions that are reshaping banking services. From the rise of FinTech startups disrupting traditional banking models to the advent of robo-advisors offering personalized financial guidance, this book examines how AI is creating new opportunities and challenges within the financial sector.



Fintech with Artificial Intelligence, Big Data, and Blockchain

Author : Paul Moon Sub Choi

Publisher : Springer Nature

Page : 306 pages

File Size : 42,56 MB

Release : 2021-03-08

Category : Technology & Engineering

ISBN : 9813361379

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Book Description

This book introduces readers to recent advancements in financial technologies. The contents cover some of the state-of-the-art fields in financial technology, practice, and research associated with artificial intelligence, big data, and blockchain—all of which are transforming the nature of how products and services are designed and delivered, making less adaptable institutions fast become obsolete. The book provides the fundamental framework, research insights, and empirical evidence in the efficacy of these new technologies, employing practical and academic approaches to help professionals and academics reach innovative solutions and grow competitive strengths.



Rise of Generative AI and ChatGPT

Author : Utpal Chakraborty

Publisher : BPB Publications

Page : 237 pages

File Size : 36,14 MB

Release : 2023-03-22

Category : Computers

ISBN : 935551798X

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Book Description

Everything you need to know about the next generation Generative AI tool and ChatGPT KEY FEATURES ● Get familiar with the technical aspects of Generative AI and ChatGPT. ● Understand how you can implement Generative AI and ChatGPT in your organization. ● Explore use cases of Generative AI and ChatGPT in various industries and businesses, such as healthcare, finance, retail, network security, and more. DESCRIPTION Generative AI and ChatGPT have the potential to transform industries and society by improving efficiency, enhancing creativity, and enabling more personalized experiences. If you are someone who is looking to stay ahead of the curve in this rapidly evolving digital age and utilize its potential, this book is for you. This book gives a comprehensive overview of Generative AI and ChatGPT, the cutting-edge technologies that have gained significant attention in recent times. The book aims to provide a thorough understanding of these technologies, architectures, and training methods, including their background, development process, and current state. The book helps discover innovative ways in which these technologies have been implemented to achieve measurable benefits, including improved efficiency, customer satisfaction, security, and revenue growth and its potential application across different industries and use cases. The book also explores the challenges and considerations that organizations must take into account when implementing Generative AI and ChatGPT with existing limitations. Towards the end, the book provides insights into the substantial improvements and advancements in these technologies. It also helps you identify several areas for further research and development that could enhance the capabilities of ChatGPT in the near future. WHAT YOU WILL LEARN ● Explore how different industries and domains are using ChatGPT. ● Understand how content creators and marketing industries can benefit from using ChatGPT. ● Learn how to benefit from the problem-solving abilities of ChatGPT. ● Understand how ChatGPT can be used in various coding areas. ● Get familiar with the recent advancements in ChatGPT. WHO THIS BOOK IS FOR This book is for individuals and groups interested in AI and its practical applications in the business world. Business leaders, entrepreneurs, researchers, academicians, data scientists, Machine Learning engineers, and other professionals working in the field of AI can all find value in the book's insights into the latest technological advancements and how they can be leveraged to achieve business goals. TABLE OF CONTENTS 1. Introduction to ChatGPT 2. History Of Generative Models 3. Generative AI in Banking and Finance 4. Regulatory and Legal aspects of Generative AI 5. Generative AI and ChatGPT for Government Departments 6. Authenticity AI generated content 7. ChatGPT Technical Overview: Introduction 8. Brief of top other NLP models 9. Historical flow and development of GPT series 10. API Pricing model and technical limitations of ChatGPT 11. Customer Journey in ChatGPT free version UI 12. Use Cases in Modern Era: Introduction 13. Use case in Content-marketing 14. Education and e-learning abilities 15. Use case in Entertainments purposes 16. Potential of ChatGPT in Coding and Programming 17. Problem solving abilities (Quantitative) 18. Problem solving abilities (Qualitative) 19. Use cases Financial Industry 20. Use cases in Healthcare Industry 21. Use cases in E-commerce Industry 22. Use cases in Hospitality Industry 23. Problem solving abilities of ChatGPT 24. How beginner start ChatGPT for problem-solving 25. ChatGPT for National Cyber Security and TechnoPolicy 26. Use cases in edtech industry 27. Potential of ChatGPT in Research work 28. Potential of ChatGPT in Coding and Programming 29. Recent advancements that are made in ChatGPT 30. ChatGPT and the market right now 31. Generative AI and Chatgpt Help India G20 Summit 32. GPT- 4 33. Future scope of ChatGPT



Human + Machine

Author : Paul R. Daugherty

Publisher : Harvard Business Press

Page : 268 pages

File Size : 10,28 MB

Release : 2018-03-20

Category : Computers

ISBN : 1633693872

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Book Description

AI is radically transforming business. Are you ready? Look around you. Artificial intelligence is no longer just a futuristic notion. It's here right now--in software that senses what we need, supply chains that "think" in real time, and robots that respond to changes in their environment. Twenty-first-century pioneer companies are already using AI to innovate and grow fast. The bottom line is this: Businesses that understand how to harness AI can surge ahead. Those that neglect it will fall behind. Which side are you on? In Human + Machine, Accenture leaders Paul R. Daugherty and H. James (Jim) Wilson show that the essence of the AI paradigm shift is the transformation of all business processes within an organization--whether related to breakthrough innovation, everyday customer service, or personal productivity habits. As humans and smart machines collaborate ever more closely, work processes become more fluid and adaptive, enabling companies to change them on the fly--or to completely reimagine them. AI is changing all the rules of how companies operate. Based on the authors' experience and research with 1,500 organizations, the book reveals how companies are using the new rules of AI to leap ahead on innovation and profitability, as well as what you can do to achieve similar results. It describes six entirely new types of hybrid human + machine roles that every company must develop, and it includes a "leader’s guide" with the five crucial principles required to become an AI-fueled business. Human + Machine provides the missing and much-needed management playbook for success in our new age of AI. BOOK PROCEEDS FOR THE AI GENERATION The authors' goal in publishing Human + Machine is to help executives, workers, students and others navigate the changes that AI is making to business and the economy. They believe AI will bring innovations that truly improve the way the world works and lives. However, AI will cause disruption, and many people will need education, training and support to prepare for the newly created jobs. To support this need, the authors are donating the royalties received from the sale of this book to fund education and retraining programs focused on developing fusion skills for the age of artificial intelligence.