Artificial Intelligence for Easing Financial Analyses

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class="c-article-identifiers__item"> <span class="c-chapter-book-details__meta"> pp 98–107</span> </li> <li class="c-article-identifiers__item c-article-identifiers__item--cite"> <a href="#citeas" data-track="click" data-track-action="cite this chapter" data-track-category="chapter body" data-track-label="link">Cite this conference paper</a> </li> </ul> <div class="app-article-masthead__buttons" data-track-context="masthead"> </div> </div> <div class="app-article-masthead__brand app-article-masthead__brand--no-border app-article-masthead__conference-link"> <a href="/book/10.1007/978-3-031-42455-7" class="app-article-masthead__conference-link app-article-masthead__journal-link" data-track="click" data-track-action="book homepage" data-track-label="link"> <picture> <source type="image/webp" media="(min-width: 768px)" width="120" height="182" srcset="https://media.springernature.com/w120/springer-static/cover-hires/book/978-3-031-42455-7?as=webp, https://media.springernature.com/w316/springer-static/cover-hires/book/978-3-031-42455-7?as=webp 2x"> <img width="72" height="109" src="https://media.springernature.com/w72/springer-static/cover-hires/book/978-3-031-42455-7?as=webp" srcset="https://media.springernature.com/w144/springer-static/cover-hires/book/978-3-031-42455-7?as=webp 2x" alt=""> </picture> <span class="app-article-masthead__journal-title ">Cutting-Edge Business Technologies in the Big Data Era</span> </a> <span class="app-article-masthead__conference-info">(SICB 2023) </span> </div> </div> </div> </section> </div> <div class="c-article-main u-container u-mt-24 u-mb-32 l-with-sidebar" id="main-content" data-component="article-container"> <main class="js-main-column u-serif c-chapter-body" data-track-component="chapter"> <article lang="en"> <div class="c-article-header"> <header> <div class="app-overview-section"> <ul class="c-article-author-list c-article-author-list--short" data-test="authors-list" data-component-authors-activator="authors-list"><li class="c-article-author-list__item"><a data-test="author-name" data-track="click" data-track-action="open author" data-track-label="link" href="#auth-Naseem_Hassan_Abu-Jamie" data-author-popup="auth-Naseem_Hassan_Abu-Jamie" data-corresp-id="c1">Naseem Hassan Abu Jamie<svg width="16" height="16" focusable="false" role="img" aria-hidden="true" class="u-icon"><use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-eds-i-mail-medium"></use></svg></a><sup class="u-js-hide"><a href="#Aff3">3</a></sup> </li></ul> <div class="app-overview-section__separator app-overview-section__book-series"> <div class="app-book-series-listing"> <div> <svg class="app-book-series-listing__icon" width="24" height="24" aria-hidden="true" focusable="false"><use href="#icon-eds-i-book-series-medium"></use></svg> </div> <div> <p data-test="series-link"> <span class="app-book-series-listing__description">Part of the book series:</span> <a href="https://www.springer.com/series/11970" data-track="click" data-track-action="open book series" data-track-label="link">Studies in Big Data</a> ((SBD,volume 136)) </p> </div> </div> </div> <div class="app-book-series-listing app-overview-section__conf-series"> <div> <svg class="app-book-series-listing__icon" width="24" height="24" aria-hidden="true" focusable="false"><use href="#icon-eds-i-conference-series-medium"></use></svg> </div> <div> <p class="app-book-series-listing__description" data-test="conference-series-link">Included in the following conference series:</p> <ul class="app-book-series-listing__list" data-component="data-book-show-more"> <li class="app-book-series-listing__item"><a href="https://link.springer.com/conference/sicb" data-test="conference-series-link" data-track="click" data-track-action="open conference" data-track-label="link">Conference on Sustainability and Cutting-Edge Business Technologies</a></li> </ul> </div> </div> <div class="app-overview-section__separator" data-test="article-metrics"> <div id="altmetric-container"> <ul class="app-article-metrics-bar u-list-reset" data-test="article-metrics"> <li class="app-article-metrics-bar__item" data-test="access-count"> <p class="app-article-metrics-bar__count"><svg class="u-icon app-article-metrics-bar__icon" width="24" height="24" aria-hidden="true" focusable="false"> <use xlink:href="#icon-eds-i-accesses-medium"></use> </svg>634 <span class="app-article-metrics-bar__label">Accesses</span></p> </li> </ul> </div> </div> </div> </header> </div> <div data-article-body="true" data-track-component="chapter body" class="c-article-body"> <section aria-labelledby="Abs1" data-title="Abstract" lang="en"><div class="c-article-section" id="Abs1-section"><h2 id="Abs1" class="c-article-section__title js-section-title js-c-reading-companion-sections-item"><span class="c-article-section__title-number"> </span>Abstract</h2><div class="c-article-section__content" id="Abs1-content"><p>Artificial intelligence (AI) is a ground-breaking innovation that has significantly changed a number of sectors. Particularly the banking industry has been fast to embrace and apply AI solutions. AI has the power to revolutionize how in- institutions engage with their clients, control risks, and streamline processes. This study examines the impacts of AI on the banking sector, emphasizing both the positive and negative aspects. It starts by analyzing the status of the banking sector today and how AI is being applied to better risk management, automate procedures, and improve client experience. The following section of the study covers the possible benefits and drawbacks of AI in banking, including cost savings, enhanced client experience, compliance, and fraud protection, and better security. 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(2023). Artificial Intelligence for Easing Financial Analyses. In: Yaseen, S.G. (eds) Cutting-Edge Business Technologies in the Big Data Era. SICB 2023. Studies in Big Data, vol 136. 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