artificial intelligence in finance research paper

Over the past two decades, artificial intelligence (AI) has experienced rapid development and is being used in a wide range of sectors and activities, including finance. In the meantime, a growing and heterogeneous strand of literature has explored the use of AI in finance. The aim of this study is to provide a comprehensive overview of the existing research on this topic and to identify which ...

1. Introduction. The emerging use of artificial intelligence (AI) and machine learning (ML) within financial systems is disrupting and transforming industries, and societies (Li and Tang, 2020, Wall, 2018).From traditional hedge fund management firms and investment and retail banks, to contemporary financial technology (FinTech) service providers, many financial firms today are heavily ...

A comprehensive review of AI techniques and applications in finance, economics and marketing, covering classic and new-generation AI methods, data science, analytics and FinTech. The paper discusses the challenges, opportunities and trends of AI-empowered finance and EcoFin transformation.

This review summarizes the lasting research on AI in finance and focuses on creating a comprehensive, multidimensional and economic-financial problem-driven research landscape of the roles, research directions and opportunities of AI in new-generation FinTech and finance. Keywords: Artificial intelligence, economics, finance, AI in FinTech ...

Finance Research Letters. Volume 56, September 2023 ... The aim of the paper was to provide an integrated set of metrics able to assess the trustworthiness of AI applications. ... " and "FIN-TECH: Financial supervision and Technological compliance" (2019-2020). He is chief editor of Artificial Intelligence in Finance, Frontiers, and AE ...

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 ...

Artificial intelligence (AI) is transforming the global financial services industry. As a group of rapidly related technologies that include machine learning (ML) and deep learning(DL) , AI has the potential to disrupt and refine the existing financial services industry. I review the extant academic, practitioner and policy related literatureAI.

Artificial Intelligence (AI) approaches have been increasingly used in financial markets as technology advances. In this research paper, we conduct a Systematic Literature Review (SLR) that studies financial trading approaches through AI techniques. It reviews 143 research articles that implemented AI techniques in financial trading markets.

AI in finance broadly refers to the applications of AI techniques in financial businesses. This area has been lasting for decades with both classic and modern AI techniques applied to increasingly broader areas of finance, economy and society. In contrast to either discussing the problems, aspects and opportunities of finance that have benefited from specific AI techniques and in particular ...

Artificial intelligence (AI) alongside one of its main subsets, machine learning (ML), is no longer a sheer propaganda, it has nearly become a household name, though the use of the term AI by the public and at times technologists is often a misnomer. This paper explores AI and ML, outlining the main categories of extensive ML algorithmic techniques. Importantly, it provides handy timeline and ...

Hence, in this paper, we aim to infer the intellectual development of AI and ML in finance research, adopting a scoping review combined with an embedded review to pursue and scrutinize the ...

This survey paper also contributes to the special issue of 'Financial Technology and Artificial Intelligence in Finance' on the Journal of Chinese Economic and Business Studies (JCEBS). The special issue conference was organized by the University of Edinburgh Business School, Chinese Economics Association CEA UK, and Xi'an Jiaotong ...

2)papers that focus on AI applications for finance and financial markets; and 3) sub-fields of finance and fin ancial markets where AI is being used. It is clarified that not all the 191 papers ...

The rapid expansion of artificial intelligence (AI) technologies presents novel technical solutions to traditional accounting and finance problems. Despite this, scholars in accounting and finance frequently encounter difficulties navigating the extensive and intricate domain knowledge of AI and its continuously evolving literature. To address this gap, this paper conducts a qualitative survey ...

Anti-money laundering, behavioral finance, big data analytics are among popular topics in AI applications. This study reviewed the artificial intelligence (AI) and machine learning (ML) literature in the finance field. Using a bibliometric approach, we collected 348 articles published in 2011-2021 from journals indexed in the Scopus database.

With the increasing interest in artificial intelligence in recent years, this paper reviews the Artificial Intelligence (AI) techniques in the finance domain systematically and attempts to identify the current AI technologies used, major applications, challenges, and trends in Finance.

Abstract. Artificial intelligence is a disruptive technology that, upon full adoption into the finan ce. sector, will revolutionize the functionality and help the industry to function optimally ...

Innovation in Artificial Intelligence (AI) continues to produce a wealth of techniques, mostly coming from the inductive form of AI also known as Machine Learning (ML). The majority of ML algorithms is industry-neutral and business process agnostic. ML innovation is propelled by publicly available research, which gets harvested into Open Source for wide distribution through software and Cloud ...

This research paper aims to better define artificial intelligence (AI) and its current role in financial markets. All the while discussing the subgroups of AI, how machines learn, the pro's and ...

Zetzsche, Dirk Andreas and Arner, Douglas W. and Buckley, Ross P. and Tang, Brian, Artificial Intelligence in Finance: Putting the Human in the Loop (February 1, 2020). CFTE Academic Paper Series: Centre for Finance, Technology and Entrepreneurship, no. 1., University of Hong Kong Faculty of Law Research Paper No. 2020/006, Available at SSRN ...

As meta-analysis results show, the majority of researches illustrate a positive effect of the impact of AI systems in the accounting and finance process. Key points: Meta-Analysis has been applied ...

Artificial Intelligence In Finance. Kinjal Patel. Asst. Professor, Dept of Ma nagement. Vadodara Institute of Engineering. Abstract- Artificial intelligence involves two basic ideas. First, it ...