Expert Systems in Finance

Expert Systems in Finance PDF Author: Noura Metawa
Publisher: Routledge
ISBN: 9780367729011
Category :
Languages : en
Pages : 14

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Book Description
Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures. In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications' size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent. This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Expert Systems in Finance

Expert Systems in Finance PDF Author: Noura Metawa
Publisher: Routledge
ISBN: 9780367729011
Category :
Languages : en
Pages : 14

Get Book Here

Book Description
Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures. In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications' size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent. This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Expert Systems in Finance

Expert Systems in Finance PDF Author: Noura Metawa
Publisher: Routledge
ISBN: 042965930X
Category : Business & Economics
Languages : en
Pages : 261

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Book Description
Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures. In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications’ size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent. This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Expert Systems in Accounting

Expert Systems in Accounting PDF Author: Alex Edwards
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

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Book Description


Expert Systems in Banking

Expert Systems in Banking PDF Author: Dimitris N Chorafas
Publisher: Springer
ISBN: 1349113689
Category : Business & Economics
Languages : en
Pages : 397

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Book Description
This book presents the reader with a complete and comprehensive picture of what is happening today in banks and other financial institutions in terms of expert systems implementation. In addition it helps in refining the reader's thoughts on how to build an environment for the successful implementation of expert systems in banking - and how to sell this concept to management including risks and opportunities.

Expert Systems in Finance

Expert Systems in Finance PDF Author: Daniel Edmund O'Leary
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
This volume is a collection of cutting-edge research and applications chapters dealing with Expert System (ES) technologies in finance. Expert Systems in Finance and Accounting provides a cross-section of materials dealing with the application of ES in both finance and accounting areas ranging from variance analysis and audit selection in accounting to commodity trading, computerized trading and credit risk assessment in finance. The book identifies issues and opportunities for applying Expert Systems technology to financial management, portfolio and investment analysis and financial institutions.

Contemporary Issues in Audit Management and Forensic Accounting

Contemporary Issues in Audit Management and Forensic Accounting PDF Author: Simon Grima
Publisher: Emerald Group Publishing
ISBN: 183867635X
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
In the 18 chapters in this volume of Contemporary Studies in Economic and Financial Analysis, expert contributors gather together to examine the extent and characteristics of forensic accounting, a field which has been practiced for many years, but is still not internationally regulated yet.

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.

Expert Systems and Related Topics

Expert Systems and Related Topics PDF Author: Marlene A. Palmer
Publisher: IGI Global
ISBN: 9781878289032
Category : Computers
Languages : en
Pages : 170

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Book Description
This comprehensive reference to all areas of expert systems and applications, plus advanced related topics, lets you spend your time reading expert systems literature rather than searching for it. It gives you a source of historical perspectives and outlooks on the future of the field. Whether you are a manager, a developer or an end user or researcher, Expert Systems and Related Topics: Selected Bibliography & Guide to Information Sources puts all the sources of expert systems literature at your fingertips.

The Handbook of Applied Expert Systems

The Handbook of Applied Expert Systems PDF Author: Jay Liebowitz
Publisher: CRC Press
ISBN: 0429612494
Category : Computers
Languages : en
Pages : 725

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Book Description
The Handbook of Applied Expert Systems is a landmark work dedicated solely to this rapidly advancing area of study. Edited by Jay Liebowitz, a professor, author, and consultant known around the world for his work in the field, this authoritative source covers the latest expert system technologies, applications, methodologies, and practices. The book features contributions from more than 40 of the world's foremost expert systems authorities in industry, government, and academia. The Handbook is organized into two major sections. The first section explains expert systems technologies while the second section focuses on applied examples in a wide variety of industries. Key topics covered include fuzzy systems, genetic algorithm development, machine learning, knowledge representation, and much more.

Expert Systems in Business and Finance

Expert Systems in Business and Finance PDF Author: Lance B. Eliot
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
Articles written by foremost experts in their respective fields consider four major issues crucial for successful utilization of the technology in the research, development and implementation phases. Coverage includes areas of integration and design; the cognitive side of expert systems; key concepts and applications underlying verification, validation, auditability and security of expert systems; a variety of issues ranging from legal and training to actual production systems in areas of finance and accounting.