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Generative Artificial Intelligence in Finance
book

Generative Artificial Intelligence in Finance

by Pethuru Raj Chelliah, Pushan Kumar Dutta, Abhishek Kumar, Ernesto D. R. Santibanez Gonzalez, Mohit Mittal, Sachin Kumar Gupta
February 2025
Intermediate to advanced
512 pages
13h 16m
English
Wiley-Scrivener
Content preview from Generative Artificial Intelligence in Finance

12Navigating the Frontier of Finance: A Scoping Review of Generative AI Applications and Implications

Ahmad Haidar1* and Ahmad Abbass2

1Paris-Saclay University, Université d’Évry, Institut Mines-Télécom Business School (IMT-BS), Laboratoire en Innovation, Technologies, Economie et Management (LITEM), Evry, France

2Al Maaref University, Beirut, Lebanon

Abstract

Recent technological advancements and intense competitive pressures have spurred the rapid integration of artificial intelligence (AI) into the financial sector. This trend is further amplified with the advent of generative AI (GAI), representing a significant advancement in AI technology with its wide-ranging applications in finance. This scoping review chapter delves into the evolution of GAI and its burgeoning role in financial analysis, management, and strategy. While GAI offers significant opportunities for business and financial entities, it also entails inherent risks that necessitate prudent consideration. These risks encompass embedded biases, outcome opacity, privacy concerns, performance robustness, unique cybersecurity threats, and the potential to create novel sources and transmission channels of systemic risks, which could impact financial sector stability. The chapter explores regulatory, ethical, and user-centric perspectives in AI-driven finance alongside technological innovations and applications. Methodologically, this review employs a structured approach to identify relevant studies, chart data, and ...

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Publisher Resources

ISBN: 9781394271047Purchase Link