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Computational Intelligence for Autonomous Finance
book

Computational Intelligence for Autonomous Finance

by Deepak Gupta, Mukul Gupta, Rajesh Kumar Dhanaraj, Balamurugan Balusamy, Parth M. Gupta
December 2024
Intermediate to advanced
336 pages
8h 46m
English
Wiley-Scrivener
Content preview from Computational Intelligence for Autonomous Finance

10Application of Machine Learning Models in the Field of Autonomous Finance

Umesh Gupta1*, Shriyash Saxena1, Sachin Kumar Yadav2 and Aditya Bhardwaj1

1SCSET, Bennett University, Greater Noida, Uttar Pradesh, India

2Dept. of CEA, GLA Mathura, Uttar Pradesh, India

Abstract

Using Artificial Intelligence (AI) in Autonomous Finance (AF) helps reduce error and biases caused by humans. By automating duties and functions previously performed manually, such as data entry, analysis, and decision-making, AI enhances the efficiency of financial institutions. This automation reduces costs, improves efficiency, and ensures more accurate and consistent decisions. AI algorithms help identify fraudulent activities, making financial institutions more secure and better at managing risks. By scrutinizing vast data sets and detecting iterations, repetitions and anomalies, AI can identify and prevent fraudulent transactions in real-time. Additionally, AI algorithms provide personalized services and products according tailored to individuals’ distinctive financial preferences and priorities. By analyzing data and making future predictions, AI recommends personalized investment options, insurance products, and other financial services.

Keywords: Markov decision process, neural network, reinforcement learning, sentiment analysis, autonomous finance, deep learning

10.1 Overview

Machine learning (ML) and AI are among the latest technologies people aspire to work in. Terms like data mining and statistical ...

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Publisher Resources

ISBN: 9781394233229Purchase Link