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Artificial Intelligence in Finance

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Applied Artificial Intelligence in Business

Abstract

Artificial intelligence is one of the most influential emerging technologies in the financial sector. This chapter will explore the evolution of AI in finance and introduce how AI technology can be used in various financial services. These technologies include machine learning, artificial neural network, decision analytic network, robo-advisors, and others. Some key features of AI applications will be explained, including investment banking, personalized finance, credit management, loans and lending, asset management, fraud detection, and regulation compliance. Two case studies are provided to explore AI in JPMorgan Chase and Goldman Sachs.

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Chan, L., Hogaboam, L., Cao, R. (2022). Artificial Intelligence in Finance. In: Applied Artificial Intelligence in Business. Applied Innovation and Technology Management. Springer, Cham. https://doi.org/10.1007/978-3-031-05740-3_7

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