Artificial Intelligence And Beyond For Finance

Artificial Intelligence And Beyond For Finance
Author: Marco Corazza
Publisher: World Scientific
Total Pages: 429
Release: 2024-07-26
Genre: Computers
ISBN: 1800615221

We wrote this book to help financial experts and investors to understand the state of the art of artificial intelligence and machine learning in finance. But first, what is artificial intelligence? The foundations of artificial intelligence lie in the human desire to automate. Often this desire has had foundations in grand civilization-defining visions or economic needs, such as the Antikythera mechanism, circa 200 BCE. Considered to be the oldest known example of an analog computer, it is thought that the mechanism automated the prediction of the positions of the sun, the moon, and the planets to assist in navigation.No matter the specific industry or application, AI has become a new engine of growth. Both finance and banking have been leveraging AI technologies and algorithms, applying them to automate routine tasks, procedures and forecasting, thereby improving overall customer experience.The topics covered in this book make it an invaluable resource for academics, researchers, policymakers, and practitioners alike who want to understand how AI has affected the banking and financial industries and how it will continue to change them in the years to come.

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

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1589063953

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.

Artificial Intelligence and Beyond for Finance

Artificial Intelligence and Beyond for Finance
Author: Rene Garcia Faisal Shah Marco Corazza
Publisher: Wspc (Europe)
Total Pages: 0
Release: 2024
Genre: Business & Economics
ISBN: 9781800615205

We wrote this book to help financial experts and investors to understand the state of the art of artificial intelligence and machine learning in finance. But first, what is artificial intelligence? The foundations of artificial intelligence lie in the human desire to automate. Often this desire has had foundations in grand civilization-defining visions or economic needs, such as the Antikythera mechanism, circa 200 BCE. Considered to be the oldest known example of an analog computer, it is thought that the mechanism automated the prediction of the positions of the sun, the moon, and the planets to assist in navigation. No matter the specific industry or application, AI has become a new engine of growth. Both finance and banking have been leveraging AI technologies and algorithms, applying them to automate routine tasks, procedures and forecasting, thereby improving overall customer experience. The topics covered in this book make it an invaluable resource for academics, researchers, policymakers, and practitioners alike who want to understand how AI has affected the banking and financial industries and how it will continue to change them in the years to come.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal
Publisher: University of Chicago Press
Total Pages: 172
Release: 2024-03-05
Genre: Business & Economics
ISBN: 0226833127

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Advances in Financial Machine Learning

Advances in Financial Machine Learning
Author: Marcos Lopez de Prado
Publisher: John Wiley & Sons
Total Pages: 395
Release: 2018-01-23
Genre: Business & Economics
ISBN: 1119482119

Learn to understand and implement the latest machine learning innovations to improve your investment performance Machine learning (ML) is changing virtually every aspect of our lives. Today, ML algorithms accomplish tasks that – until recently – only expert humans could perform. And finance is ripe for disruptive innovations that will transform how the following generations understand money and invest. In the book, readers will learn how to: Structure big data in a way that is amenable to ML algorithms Conduct research with ML algorithms on big data Use supercomputing methods and back test their discoveries while avoiding false positives Advances in Financial Machine Learning addresses real life problems faced by practitioners every day, and explains scientifically sound solutions using math, supported by code and examples. Readers become active users who can test the proposed solutions in their individual setting. Written by a recognized expert and portfolio manager, this book will equip investment professionals with the groundbreaking tools needed to succeed in modern finance.

Artificial Intelligence for Finance Executives

Artificial Intelligence for Finance Executives
Author: Alexis Besse
Publisher:
Total Pages: 246
Release: 2021-03-20
Genre:
ISBN: 9781838356019

We often hear that AI is revolutionising the financial sector, like no other technology has done before. This book looks beyond these clichés and explores all aspects of this transformation at a deep level. It spells out a vision for the future and answers many questions that are routinely ignored. What do we mean by Artificial Intelligence in finance? How do we move past the myths and misconceptions to reveal the key driving forces? What are the industry trends that align with this transformation? Is it the explosion of digital touchpoints in retail, the reduced risk taking by investment banks, or the ascent of passive funds in asset management? How do we develop concrete use cases from idea generation to production? How do we engineer systems to make accurate predictions, offer recommendations to clients, or analyse unstructured news data? How do we build a successful data-driven organisation? What are the key pitfalls to avoid? Is it about culture, data governance, or management vision? What are the risks specific to developing AI technologies? Can we humans understand and explain what the machines produce for us? Can we trust their predictions or actions? What is the role of alternative data in all this? How can we put it to use for augmented insight? What are the problems that AI is well equipped to solve? Is it all about neural networks and deep learning, as we regularly hear in the popular press? How do we understand human language, a task so important to the financial analyst?  The book is packed with concrete examples from the various disciplines of finance. Interested readers will also develop a deep understanding of AI algorithms - presented in plain English - and learn how to solve the most challenging problems. But first and foremost, it is a practical book that equips finance executives with everything they need to understand this transformation and to become agents of change themselves.

Artificial Intelligence in Banking

Artificial Intelligence in Banking
Author: Introbooks
Publisher:
Total Pages: 50
Release: 2020-04-07
Genre:
ISBN:

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."

Artificial Intelligence in Finance & Investing

Artificial Intelligence in Finance & Investing
Author: Robert R. Trippi
Publisher: McGraw Hill Professional
Total Pages: 280
Release: 1996
Genre: Business & Economics
ISBN: 9781557388681

In Artificial Intelligence in Finance and Investing, authors Robert Trippi and Jae Lee explain this fascinating new technology in terms that portfolio managers, institutional investors, investment analysis, and information systems professionals can understand. Using real-life examples and a practical approach, this rare and readable volume discusses the entire field of artificial intelligence of relevance to investing, so that readers can realize the benefits and evaluate the features of existing or proposed systems, and ultimately construct their own systems. Topics include using Expert Systems for Asset Allocation, Timing Decisions, Pattern Recognition, and Risk Assessment; overview of Popular Knowledge-Based Systems; construction of Synergistic Rule Bases for Securities Selection; incorporating the Markowitz Portfolio Optimization Model into Knowledge-Based Systems; Bayesian Theory and Fuzzy Logic System Components; Machine Learning in Portfolio Selection and Investment Timing, including Pattern-Based Learning and Fenetic Algorithms; and Neural Network-Based Systems. To illustrate the concepts presented in the book, the authors conclude with a valuable practice session and analysis of a typical knowledge-based system for investment management, K-FOLIO. For those who want to stay on the cutting edge of the "application" revolution, Artificial Intelligence in Finance and Investing offers a pragmatic introduction to the use of knowledge-based systems in securities selection and portfolio management.

The Future of Finance

The Future of Finance
Author: Henri Arslanian
Publisher: Springer
Total Pages: 318
Release: 2019-07-15
Genre: Business & Economics
ISBN: 3030145336

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.

AI and the Future of Banking

AI and the Future of Banking
Author: Tony Boobier
Publisher: John Wiley & Sons
Total Pages: 298
Release: 2020-04-09
Genre: Business & Economics
ISBN: 1119596149

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.