artificial intelligence in banking research paper

Abstract. Banking is a popular topic for empirical and methodological research that applies operational research (OR) and artificial intelligence (AI) methods. This article provides a comprehensive and structured bibliographic survey of OR- and AI-based research devoted to the banking industry over the last decade.

This study provides a holistic and systematic review of the literature on the utilization of artificial intelligence (AI) in the banking sector since 2005. In this study, the authors examined 44 articles through a systematic literature review approach and conducted a thematic and content analysis on them. This review identifies research themes demonstrating the utilization of AI in banking ...

The commercial banking system benefits significantly from the rapid growth of AI. AI not only assists in updating services and increasing internal management quality, but also assures business efficiency at the lowest possible risk and cost, therefore assisting banks in their sustainable growth (Alzaidi, 2018).

The simulation of human intelligence in machines, called Artificial intelligence, has risen, and plays an important role in the new banking era. The present study aims to discuss the consumer's perspective on artificial intelligence's adoption in Asian countries. The questionnaire was developed and distributed to collect data from five Asian countries (Pakistan, China, Iran, Saudi Arabia ...

Artificial intelligence (AI) is now essential for the bank of tomorrow. It is closely linked to changes in technology and consumption patterns. For the banking sector, it is a powerful tool for analysing the creditworthiness of credit applicants and anticipating customer needs. This type of system can also make the bank fairer and more responsible.

The banking industry is rapidly adopting artificial intelligence (AI)-enabled technologies to improve efficiency, reduce costs, and enhance customer experience. The paper utilizes case studies and data from various research papers to analyze the use of AI in different areas of the banking industry. The paper highlights that AI-enabled technologies can be applied in various areas of the banking ...

Development that Artificial Intelligence offers to FinTech and the different ways in which it can improve the operations of an Indian banking sector. Discover the world's research 25+ million members

Reinforcing these concerns, in March 2024 a report by the US Department of the Treasury highlighted generative artificial intelligence (gen AI) as an emerging critical aspect for the cyber security of the financial sector.1. The emergence of gen AI models, which gained significant momentum with the launch of ChatGPT in late 2022,2 introduces ...

According to Kaur et al. (2020), the idea of machines having precise cognitive artificial intelligence (AI) was initially considered in the 1950s by Alan Turing, who published a paper that gave ...

While the banking sector has long been technology-dependent and data-intensive, new data-enabled AI technology has the capability to drive innovation further and faster than ever before. AI can help improve efficiency, enable a growth agenda, boost differentiation, manage risk and regulatory needs, and positively influence customer experience.

Artificial intelligence in central banking Long before artificial intelligence (AI) became a focal point of popular commentary and widespread fascination, central banks were early adopters of machine learning methods to obtain valuable insights for statistics, research and policy (Doerr et al (2021), Araujo et al (2022, 2023)).

Artificial Intelligence is driving the envelope of. innovations and transforming the Banking Industry and. financial sector in India. It has resulted in providing. person alized support, faste r ...

This study provides a holistic and systematic review of the literature on the utilization of artificial intelligence (AI) in the banking sector since 2005. In this study, the authors examined 44 articles through a systematic literature review approach and conducted a thematic and content analysis on them. This review identifies research themes ...

Artificial Intelligence (AI) and Machine Learning (ML) have emerged as the most significant technologies of our times and are increasingly being used across businesses and industry sectors. Agaist this backdrop, banks and financial institutions are exploring tools based on AI to transform various facets of their business. These tools are expected to bring in process automation, cost ...

Recently, there has been a strong wave of digital transformation to the banking sector worldwide. In this paper, we explore using one of the emerging technologies, being Artificial intelligence, in banks in Bahrain. We find that only a few banks have utilized Artificial intelligence applications and that the robotic process automation and chatbots are the most employed Artificial intelligence ...

Artificial Intelligence is reshaping the banking industry, offering new opportunities and challenges. As regional and community financial institutions (RCFIs) continue to delve deeper into AI technologies, it is imperative to adopt a structured and strategic framework to maximize potential and navigate the inherent complexities.

Banking risk measurement and management remain one of many challenges for managers and policymakers. This study contributes to the banking literature and practice in two ways by (a) proposing a risk ranking index based on the Mahalanobis Distance (MD) between a multidimensional point representing a bank's risk measures and the corresponding critical ratios set by the banking authorities and ...

banking scenario, these stand out to be the solution to a plethora of problems - increasing competition, fraud and cyber security threats, regulatory compliances, improving efficiency of the revenue stream, etc. The present paper highlights the role that can be played by artificial intelligence and analytics in the banking sector.

1. To study about Artificial Intelligence in Banking and Financial Servicesin perceptions of clients or consumers. 2. To study the areas and the application where the Artificial Intelligence is being used by the Banking and Financial Services. 3. To Study about Banking and Financial Services for using Artificial Intelligence is to offer customized

of implementation in financial sector including SME banking services. This research seeks to map the AI implementation and its present state in the banking and financial sectors in India. Keywords: Artificial Intelligence, AI adaptation, Machine Learning, Diffusion, S-curve, Cyber Attack. 1. Introduction . As India moves towards the new economy ...

This paper examines consumer perception and adoption of a new electronic payment service as mobile banking and the positive and negative factors affecting the adoption of mobile banking in India ...

This paper outlines the governance and risk management principles already established by the banking agencies that provide an overarching framework for banking organizations to implement AI in a safe, sound and "fair" manner. The comprehensive approach to risk management required by the banking agencies allows banking organizations to ...

Artificial intelligence (AI) has evolved from a futuristic concept to an integral part of the financial services industry. Today, artificial intelligence in banking is a methodology that spans a wide range of use cases in operations from robotic process automation and predictive analytics to intelligent chatbots. These technologies streamline ...

Related Reading Everything You Need to Know About AI. AI in Banking: The Good. Banks are using AI to streamline operations, enhance customer service and detect fraud.From chatbots that provide round-the-clock support to sophisticated fraud detection systems, AI is rapidly reshaping the banking industry, bringing with it a wave of efficiency and innovation.

AI is also implemented in banking sector that is implemented to detect the fraud, solve the. customer query, tracking custom er behavior and recommending personalized service to them. Artificial ...

Artificial intelligence and the future of scientific publication. European Journal of Emergency Medicine , 2024; 31 (5): 301 DOI: 10.1097/MEJ.0000000000001164 Cite This Page :

The International Journal of Indian Psychȯlogy(ISSN 2348-5396) is an interdisciplinary, peer-reviewed, academic journal that examines the intersection of Psychology, Social sciences, Education, and Home science with IJIP. IJIP is an international electronic journal published in quarterly. All peer-reviewed articles must meet rigorous standards and can represent a broad range of substantive ...

This paper delves into the transformative influence of artificial intelligence (AI) on contract law, meticulously examining the challenges and opportunities that arise from this symbiosis.