Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security

Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security PDF Author: Kunjumuhammed, Siraj Kariyilaparambu
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
Integrating Artificial Intelligence (AI) presents immense opportunities and daunting challenges in the rapidly evolving finance landscape as AI-driven algorithms and models revolutionize decision-making and enhance efficiency, concerns about bias, ethics, and security loom. Financial institutions must navigate these complexities responsibly while leveraging AI's potential to innovate and thrive. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security guides this dynamic environment. Written for professionals, researchers, policymakers, and students, this book comprehensively explores AI's impact on finance. It delves into the intricacies of bias in algorithms, ethical frameworks, cybersecurity, and regulatory compliance, offering actionable insights to address these critical issues.

Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security

Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security PDF Author: Kunjumuhammed, Siraj Kariyilaparambu
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
Integrating Artificial Intelligence (AI) presents immense opportunities and daunting challenges in the rapidly evolving finance landscape as AI-driven algorithms and models revolutionize decision-making and enhance efficiency, concerns about bias, ethics, and security loom. Financial institutions must navigate these complexities responsibly while leveraging AI's potential to innovate and thrive. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security guides this dynamic environment. Written for professionals, researchers, policymakers, and students, this book comprehensively explores AI's impact on finance. It delves into the intricacies of bias in algorithms, ethical frameworks, cybersecurity, and regulatory compliance, offering actionable insights to address these critical issues.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance PDF Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
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.

Artificial Intelligence in Healthcare

Artificial Intelligence in Healthcare PDF Author: Adam Bohr
Publisher: Academic Press
ISBN: 0128184396
Category : Computers
Languages : en
Pages : 385

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Book Description
Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. - Highlights different data techniques in healthcare data analysis, including machine learning and data mining - Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks - Includes applications and case studies across all areas of AI in healthcare data

Neuromarketing's Role in Sustainable Finance

Neuromarketing's Role in Sustainable Finance PDF Author: Taneja, Sanjay
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 634

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Book Description
Neuromarketing plays a significant role in sustainable finance by tapping into the emotional and cognitive factors that influence investor decisions regarding socially and environmentally responsible investments. It helps financial institutions understand how individuals respond to sustainability messages, enabling them to craft more persuasive campaigns that resonate with investors’ values. By leveraging insights into behavior and decision-making processes, neuromarketing enhances the appeal of sustainable finance, encourages greener investment choices, and helps align financial practices with the growing demand for ethical, long-term impact solutions. Neuromarketing's Role in Sustainable Finance explores the intersection of neuromarketing and sustainable finance, revealing how insights from cognitive neuroscience can drive environmentally responsible investment behaviors. It examines subconscious factors influencing consumer decisions toward green investments, offering theoretical frameworks and practical applications to understand and promote ethical financial choices. Covering topics such as behavioral finance, environmental awareness, and investor patterns, this book is an excellent resource for scholars, researchers, financial professionals, marketers, business professionals, academicians, graduate and postgraduate students, and more.

Risks and Challenges of AI-Driven Finance

Risks and Challenges of AI-Driven Finance PDF Author: Siraj Kariyilaparambu Kunjumuhammed
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Integrating Artificial Intelligence (AI) presents immense opportunities and daunting challenges in the rapidly evolving finance landscape as AI-driven algorithms and models revolutionize decision-making and enhance efficiency, concerns about bias, ethics, and security loom. Financial institutions must navigate these complexities responsibly while leveraging AI's potential to innovate and thrive. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security guides this dynamic environment. Written for professionals, researchers, policymakers, and students, this book comprehensively explores AI's impact on finance. It delves into the intricacies of bias in algorithms, ethical frameworks, cybersecurity, and regulatory compliance, offering actionable insights to address these critical issues.

Contemporary Research and Practices for Promoting Financial Literacy and Sustainability

Contemporary Research and Practices for Promoting Financial Literacy and Sustainability PDF Author: Sun, Lan
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
The global economy is undergoing profound shifts, powered by technological advancements and financial innovations, reshaping the role of finance in ways we've never seen before. As these forces reshape the world of finance, it becomes increasingly essential for academic scholars, practitioners, and future finance professionals to stay ahead of the curve, understanding the latest developments and trends. The problem is that finance education and practice often struggle to keep pace with these transformative changes. Standard textbooks and curricula tend to lag behind advancements in the field, leaving aspiring accountants and finance practitioners ill-prepared to tackle the challenges and opportunities of the modern financial world. Additionally, there is a gap between academic research and practical applications, making it difficult for scholars to bridge the divide and offer real-world solutions. Contemporary Research and Practices for Promoting Financial Literacy and Sustainability presents a comprehensive solution to these challenges. It serves as a beacon of knowledge, bringing together classical finance topics and the latest developments, ensuring that future accountants and finance professionals are equipped with the knowledge necessary to navigate the reshaped financial landscape. By integrating contemporary research into finance teaching, this book bridges the gap between theory and practice, offering innate insights into theoretical concepts and their practical applications.

Handbook on Ethics in Finance

Handbook on Ethics in Finance PDF Author: Leire San-Jose
Publisher:
ISBN: 9783030000011
Category : Accounting
Languages : en
Pages : 600

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Book Description


An Intelligence in Our Image

An Intelligence in Our Image PDF Author: Osonde A. Osoba
Publisher: Rand Corporation
ISBN: 0833097636
Category : Computers
Languages : en
Pages : 45

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Book Description
Machine learning algorithms and artificial intelligence influence many aspects of life today. This report identifies some of their shortcomings and associated policy risks and examines some approaches for combating these problems.

Artificial Intelligence in Banking

Artificial Intelligence in Banking PDF Author: Introbooks
Publisher:
ISBN:
Category :
Languages : en
Pages : 50

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Book Description
In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."

Artificial Intelligence for a Better Future

Artificial Intelligence for a Better Future PDF Author: Bernd Carsten Stahl
Publisher: Springer Nature
ISBN: 3030699781
Category : Computers
Languages : en
Pages : 128

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Book Description
This open access book proposes a novel approach to Artificial Intelligence (AI) ethics. AI offers many advantages: better and faster medical diagnoses, improved business processes and efficiency, and the automation of boring work. But undesirable and ethically problematic consequences are possible too: biases and discrimination, breaches of privacy and security, and societal distortions such as unemployment, economic exploitation and weakened democratic processes. There is even a prospect, ultimately, of super-intelligent machines replacing humans. The key question, then, is: how can we benefit from AI while addressing its ethical problems? This book presents an innovative answer to the question by presenting a different perspective on AI and its ethical consequences. Instead of looking at individual AI techniques, applications or ethical issues, we can understand AI as a system of ecosystems, consisting of numerous interdependent technologies, applications and stakeholders. Developing this idea, the book explores how AI ecosystems can be shaped to foster human flourishing. Drawing on rich empirical insights and detailed conceptual analysis, it suggests practical measures to ensure that AI is used to make the world a better place.