February 2025
Intermediate to advanced
512 pages
13h 16m
English
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
Content preview from Generative Artificial Intelligence in Finance
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13Ensuring Compliance and Ethical Standards with Generative AI in Fintech: A Multi-Dimensional Approach
Vishal Jain1 and Archan Mitra2*
1Department of Computer Science and Engineering, Sharda School of Engineering and Technology, Sharda University, Greater Noida, Uttar Pradesh, India
2Department of Mass Communication, School of Media Studies (SOMS), Presidency University, Bangalore, Karnataka, India
Abstract
The introduction of generative artificial intelligence (AI) in the financial industry signifies significant developments that require a reassessment of compliance and ethical norms. This study offers a comprehensive examination of the difficulties and suggests novel frameworks to guarantee that generative AI technologies in fintech conform to both legal requirements and ethical standards. The text commences by clarifying the function of generative AI in banking, emphasizing its possible effects and advantages. The study primarily focuses on identifying the regulatory obstacles that are unique to AI in the field of finance. This involves doing a comprehensive examination of existing laws and regulations worldwide and is further supported by relevant case studies. The ethical aspect is explored by analyzing quandaries such as data privacy and algorithmic bias while taking into account the societal consequences of implementing AI in the financial sector. An essential aspect of the research is creating extensive guidelines and structures, based on successful models from many ...
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