Applications of AI in Finance
Published
25 April 2023
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This research will provide a comprehensive review of the application of Artificial Intelligence (AI) in Finance. AI is already transforming all kinds of industries including the finance industry. The increasing growth of the application of AI significantly impacts the finance sector in all domains of finance such as investing, lending, borrowing, budgeting, saving, and forecasting.
AI-based financial modelling has proved in many cases to outperform traditional econometric models motivating researchers and financial decision makers to exploit all the opportunities that AI can bring in asset and derivative pricing, algorithmic trading, fraud detection and prevention of financial risk, automation financial modelling, loan, and insurance underwriting, etc.
The RDSBL Seed funding has been granted to this project, allowing the research team to proceed towards the project goals.
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