Big Data and Artificial Intelligence in Digital Finance
Increasing Personalization and Trust in Digital Finance using Big Data and AI
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4.5 • 2 Ratings
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Publisher Description
This open access book presents how cutting-edge digital technologies like Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTechs, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also introduces some of the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance.
Introduces the latest advances in Big Data and AI in Digital Finance that enable scalable, effective, and real-time analytics;Explains the merits of Blockchain technology in digital finance, including applications beyond the blockbuster cryptocurrencies; Presents practical applications of cutting edge digital technologies in the digital finance sector;Illustrates the regulatory environment of the financial sector and presents technical solutions that boost compliance to applicable regulations;This book is open access, which means that you have free and unlimited access.
Customer Reviews
Very Thoughtful
Via the scope of the LeanXcale project, the author walked us through a journey of the the development, application, and governance perspective of Big Data and artificial intelligence in the world of finance. As most of us have either chose to join the digital world or being forced into the digital world under different circumstances (COVID-19/for work/etc.). It is essential for business sectors to utilize new technological developments to provide better services to gain profit, for government and organizations to take action to develope rules and guidance to better protect its citizens and customers, and for people who are interested in learning about technology to gain better understanding of what’s coming next.