Revolutionize the Financial Services
Geetha Manoharan, Dina A.M. Darwish · Advances in finance, accounting, and economics book series · 2025
AI is transforming the finance industry. This chapter discusses AI and its implications, advantages, and limitations in finance. We explore Machine Learning (ML) and Deep Learning (DL) methods, which are widely used to analyze massive datasets, find patterns, and anticipate in risk management, portfolio optimization, and fraud detection. This chapter covers the current state of AI in finance, including its applications in investment banking, asset management, and insurance. AI's benefits in finance include accuracy, efficiency, and customer experience. Finance AI implementation obstacles include data quality, regulatory issues, and talent recruiting. Future AI in finance, includes Explainable, Edge, and Quantum AI. Financial AI successes include chatbots, robo-advisors, and predictive analytics. After reading this chapter, readers will comprehend AI's disruptive capacity in finance and be ready for the possibilities and challenges ahead.