Role of Artificial Intelligence in Global Finance

Abstract

Artificial Intelligence (AI) has become an integral part of every financial sector. It is found to be the key player in the banking and other financial service institutions. More than 80 percent of banks have understood the potential benefits of application of AI in the industry. The use of AI in financial institutions helps to resolve the practical issues in taking financial decisions. The aim of this paper is to understand the applicability of Artificial Intelligence in financial sector and to study the uses of AI in financial credit decisions and risk management.