Artificial Intelligence’s Role in Finance and How Financial Companies are Leveraging the Technology to Their Advantage

Abstract

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 con’s, it’s role in financial analytics and the future of the field. This work encompasses research from some of the top minds in the field of artificial intelligence in order to explain the relevance of AI thoroughly and its future.

Keywords: Artificial Intelligence, AI, Cyber Security, Financial Institutions, Financial Markets, Financial Services, Fraud Detection, Machine Learning, Personalized Banking, Quantitative Trading, Return on Investment, Social Media Analytics

JEL Classification: financial economics, artificial intelligence