July 2024
Intermediate to advanced
384 pages
10h 37m
English
book
Artificial Intelligence for Risk Mitigation in the Financial Industry
by Ambrish Kumar Mishra, Shweta Anand, Narayan C. Debnath, Purvi Pokhariyal, Archana Patel
Content preview from Artificial Intelligence for Risk Mitigation in the Financial Industry
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
11Real-Time Analysis of Banking Data with AI Technologies
S. C. Vetrivel1*, T. Mohanasundaram2, T. P. Saravanan1 and R. Maheswari1
1Department of Management Studies, Kongu Engineering College, Perundurai, India
2Department of Management Studies, M. S. Ramaiah Institute of Technology, Bengaluru, India
Abstract
The real-time analysis of banking data with artificial intelligence (AI) technologies has the potential to revolutionize the banking industry. This chapter discovers the key aspects of real-time analysis of banking data with AI technologies. One of the key benefits of real-time analysis of banking data with AI technologies is its ability to detect fraudulent transactions quickly and thereby benefiting banks. However, there are also challenges associated with real-time analysis of banking data with AI technologies. One of the biggest challenges is the need for high-quality data. AI algorithms are only as good as the data they are trained on, and poor-quality data can lead to inaccurate insights and recommendations. This invites bankers to spend heavily on data management. Another challenge is the need for skilled AI professionals. Banks must hire or train professionals who have the expertise to develop and implement AI algorithms, interpret results, and integrate them into the bank’s operations. This can be challenging in a competitive job market, and banks must be prepared to offer attractive compensation packages and ongoing training to retain their AI talent. As AI algorithms ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.