Effect of AI on the Financial Sector: Risk Control, Investment Decision-making, and Business Outcome

• Published in: 2024 11th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions) (ICRITO) pp. 1 - 7
• Main Authors: Maurya, Sudhanshu, Verma, Rohan, Khilnani, Laxmi, Bhakuni, Abhijit Singh, Kumar, Manish, Rakesh, Nitin
• Format: Conference Proceeding
• Language: English
• Published: IEEE 14-03-2024
• Subjects: Artificial Intelligence (AI); Banking; Data-driven decisions; Decision making; Ethical and regulatory dimensions; Ethics; Financial sector; Investment decisions; Reliability; Responsible AI adoption; Risk management; Roads; Surveys; Training; Transformation; Trustworthy AI
• DOI: 10.1109/ICRITO61523.2024.10522410
• EISSN: 2769-2884

The impact of Artificial Intelligence (AI) in the capital market (displaying for test purposes, risk the board, decision-making as it connects with investments, moral issues and the law). It features what a specific artificial intelligence can mean for an industry where financial backers' strategy updating as well as dropping a certified gamble exists. Planning artificial intelligence frameworks should stick to moral contemplations, including straightforwardness, decency, and legitimateness for the finance area. The utilization of artificial brainpower is upgrading rivalry among new fintech partnerships in the market that offers clients numerous choices, modifying the monetary area. Additionally, computer-based intelligence cultivates a moral training norm by advancing genuine business morals and clean natural worries in the financial area. Moreover, it will require a lot of moral regulation and the execution of legitimate rules. It leads to all-out simulated intelligence results, which are much bigger than a calculation with the model, requiring interdisciplinarities, great adaptationists, and readiness to deliver a suitable subsidizing space. In this way, it fills in as a translation of importance into a consistently impacting world that uncovers hindrances and makes a better possible hypothesis for artificial consciousness banking applications.