Artificial Intelligence And Blockchains In Financial Services Potential Applications Challenges And Risks

Author : Aditi Shet Shirodkar
Publisher :
ISBN 13 : 9783668537330
Total Pages : 58 pages
Book Rating : 4.3X/5 ( download)

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Download or read book Artificial Intelligence and Blockchains in Financial Services. Potential Applications, Challenges, and Risks written by Aditi Shet Shirodkar and published by . This book was released on 2017-10-06 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2017 in the subject Computer Science - Commercial Information Technology, grade: A- (94/100), language: English, abstract: The aim of this dissertation is to identify the use cases for AI and Blockchain technologies in the Financial Services. It will also provide the possible applications for these technologies in the future and identify the challenges and risks of using the same. Artificial Intelligence (AI) and Blockchain technologies have been at the centre of research for the past couple of years. AI is more widely used and implemented by Tech companies and we come across it in some form or another in our daily lives. Bitcoin (the original Blockchain) is also gaining popularity. Financial Industry however have been slow in accepting these technologies due to several reasons such as need for higher security in financial firms, some shortfalls in the technologies, and lack of standardized regulations. There are certain firms who have taken up the initiative to work in these fields and have come up with various Proof-Of-Concepts (POCs) specifically for the financial industry. There also firms that are working towards integrating the two. These technologies are individually effective, but integrating the two could provide better and faster solutions. Both these technologies, AI and Blockchain, will prove to be disruptive. AI would make our lives easier and more efficient while Blockchain would provide us with a secure and decentralized data system. Effective use of both these technologies would provide considerable cost benefits to financial institutions.

Author : Paul Moon Sub Choi
Publisher : Springer Nature
ISBN 13 : 9813361379
Total Pages : 306 pages
Book Rating : 4.79/5 ( download)

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Download or read book Fintech with Artificial Intelligence, Big Data, and Blockchain written by Paul Moon Sub Choi and published by Springer Nature. This book was released on 2021-03-08 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Rajat Gera
Publisher : CRC Press
ISBN 13 : 1003804624
Total Pages : 179 pages
Book Rating : 4.28/5 ( download)

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Download or read book Artificial Intelligence, Fintech, and Financial Inclusion written by Rajat Gera and published by CRC Press. This book was released on 2023-12-29 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers big data, machine learning, and artificial intelligence-related technologies and how these technologies can enable the design, development, and delivery of customer-focused financial services to both corporate and retail customers, as well as how to extend the benefits to the financially excluded sections of society. Artificial Intelligence, Fintech, and Financial Inclusion describes the applications of big data and its tools such as artificial intelligence and machine learning in products and services, marketing, risk management, and business operations. It also discusses the nature, sources, forms, and tools of big data and its potential applications in many industries for competitive advantage. The primary audience for the book includes practitioners, researchers, experts, graduate students, engineers, business leaders, and analysts researching contemporary issues in the area.

Author : Mohammad Irfan
Publisher : Springer Nature
ISBN 13 : 3031473248
Total Pages : 304 pages
Book Rating : 4.41/5 ( download)

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Download or read book Applications of Block Chain technology and Artificial Intelligence written by Mohammad Irfan and published by Springer Nature. This book was released on with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Nydia Remolina
Publisher : Edward Elgar Publishing
ISBN 13 : 1803926171
Total Pages : 403 pages
Book Rating : 4.79/5 ( download)

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Download or read book Artificial Intelligence in Finance written by Nydia Remolina and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of the primary challenges, opportunities and regulatory developments associated with the use of artificial intelligence (AI) in the financial sector. It will show that, while AI has the potential to promote a more inclusive and competitive financial system, the increasing use of AI may bring certain risks and regulatory challenges that need to be addressed by regulators and policymakers.

Author : Tehrani, Pardis Moslemzadeh
Publisher : IGI Global
ISBN 13 : 1799879291
Total Pages : 273 pages
Book Rating : 4.99/5 ( download)

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Download or read book Regulatory Aspects of Artificial Intelligence on Blockchain written by Tehrani, Pardis Moslemzadeh and published by IGI Global. This book was released on 2021-09-24 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The convergence of Artificial Intelligence (AI) in blockchain creates one of the world’s most reliable technology-enabled decision-making systems that is virtually tamper-proof and provides solid insights and decisions. The integration of AI and Blockchain affects many aspects from food supply chain logistics and healthcare record sharing to media royalties and financial security. It is imperative that regulatory standards are emphasized in order to support positive outcomes from the integration of AI in blockchain technology. Regulatory Aspects of Artificial Intelligence on Blockchain provides relevant legal and security frameworks and the latest empirical research findings in blockchain and AI. Through the latest research and standards, the book identifies and offers solutions for overcoming legal consequences that pertain to the application of AI into the blockchain system, especially concerning the usage of smart contracts. The chapters, while investigating the legal and security issues associated with these applications, also include topics such as smart contacts, network vulnerability, cryptocurrency, machine learning, and more. This book is essential for technologists, security analysts, legal specialists, privacy and data security practitioners, IT consultants, standardization professionals, researchers, academicians, and students interested in blockchain and AI from a legal and security viewpoint.

Author : John Soldatos
Publisher : Springer Nature
ISBN 13 : 3030945901
Total Pages : 371 pages
Book Rating : 4.09/5 ( download)

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Download or read book Big Data and Artificial Intelligence in Digital Finance written by John Soldatos and published by Springer Nature. This book was released on 2022 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents how cutting-edge digital technologies like Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTechs, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also introduces some of the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance. Introduces the latest advances in Big Data and AI in Digital Finance that enable scalable, effective, and real-time analytics; Explains the merits of Blockchain technology in digital finance, including applications beyond the blockbuster cryptocurrencies; Presents practical applications of cutting edge digital technologies in the digital finance sector; Illustrates the regulatory environment of the financial sector and presents technical solutions that boost compliance to applicable regulations; This book is open access, which means that you have free and unlimited access.

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.52/5 ( download)

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Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Tom James
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110661349
Total Pages : 220 pages
Book Rating : 4.47/5 ( download)

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Download or read book Blockchain and Artificial Intelligence written by Tom James and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-08-23 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain and artificial intelligence are perhaps the two most significant disruptive technologies this century and both will significantly rewire the world of global financial markets and the world in which we live. While blockchain offers a number of significant advantages over traditional forms of finance including lower cost and massive increases in operational efficiencies of traded markets, property records and a whole host of transaction processes, artificial intelligence is moving fast from basic structured machine learning doing menial yet important big data tasks like credit card fraud detection to predictive analysis and real-time real-world risk management and investment decision making. There is still a lot of confusion in the market about cryptocurrencies, bitcoin and the underlying blockchain technology. Blockchain and Artificial Intelligence highlights the underlying technologies of blockchain and the differences between cryptocurrencies and blockchain financial applications. It explores the current AI offerings and gives a vision of the fast-moving developments in this area including the many solutions that are expected to revolutionize the way financial and commodity markets will operate in the future.

Author : Syed Hasan Jafar
Publisher : CRC Press
ISBN 13 : 1000867668
Total Pages : 163 pages
Book Rating : 4.64/5 ( download)

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Download or read book Artificial Intelligence for Capital Markets written by Syed Hasan Jafar and published by CRC Press. This book was released on 2023-05-15 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial Intelligence for Capital Market throws light on the application of AI/ML techniques in the financial capital markets. This book discusses the challenges posed by the AI/ML techniques as these are prone to "black box" syndrome. The complexity of understanding the underlying dynamics for results generated by these methods is one of the major concerns which is highlighted in this book. Features: Showcases artificial intelligence in finance service industry Explains credit and risk analysis Elaborates on cryptocurrencies and blockchain technology Focuses on the optimal choice of asset pricing model Introduces testing of market efficiency and forecasting in the Indian stock market This book serves as a reference book for academicians, industry professionals, traders, finance managers and stock brokers. It may also be used as textbook for graduate level courses in financial services and financial analytics.