AI's Impact on Financial Services, Auditing, and Investment Strategies
Mohammad Irfan, Rui Dias, Jayant Hooda, Kashish Ajit Singh, Sanjay Satyanarayan Bang · Advances in computational intelligence and robotics book series · 2025
Artificial intelligence (AI) is poised to significantly transform the fields of finance, auditing, and investment over the coming decade. In financial services, AI is anticipated to enhance decision-making processes, improve risk management practices, and facilitate the delivery of personalized financial solutions. The auditing profession will be reshaped by AI and automation, enabling continuous auditing, real-time reporting, and more effective fraud detection mechanisms. In the investment domain, AI is expected to revolutionize portfolio management and asset allocation through advanced predictive analytics and data-driven market strategies. Despite these advancements, the rapid proliferation of AI presents considerable challenges, including ethical considerations, regulatory compliance, and the necessity of re-skilling financial professionals. This strategic overview examines both the opportunities and risks associated with AI integration and provides guidance for organizations seeking to maintain competitiveness in an increasingly AI-driven financial landscape.