1st Edition

Foundations of Artificial Intelligence in Finance Insights for Practitioners with Applications and Case Studies

248 Pages 4 B/W Illustrations
by Chapman & Hall

248 Pages 4 B/W Illustrations
by Chapman & Hall

248 Pages 4 B/W Illustrations
by Chapman & Hall

This book discusses the financial impact of Artificial Intelligence (AI) on the finance and business sectors. By providing readers with comprehensive insights, real-world case studies, and expert discussions, it delves into various applications of AI in finance, including NLP for financial document analysis, predictive analytics, explainable AI, and blockchain integration. Covering a range of... Read more

Chapter 1: Introduction to AI in Finance: Foundational Concepts and Emerging Challenges

Afzalur Rahman, Sruthi Sivakumar, Uvesh Husain, and Sujit Singh

Chapter 2: Framework for Responsible AI Adoption in Fintech

Syed Hasan Jafar

Chapter 3: Exploring Explainable AI (XAI): Implications for Transparency in Financial Decision Making

Hemachandran K.

Chapter 4: Implementing Robotic Process Automation (RPA) for Financial Operations

Solomon Jeresa

Chapter 5: Leveraging Natural Language Processing (NLP) in Financial Customer Service: Enhancing User Experience

Rajan Gupta, and Sudeshna Sani

Chapter 6: Advanced NLP for Financial Document Analysis: Tools and Techniques

Prince Yeboah Asare

Chapter 7: Predictive Analytics and AI in Credit Scoring: Transforming Lending Practices

Samba Shiva Rao M.V., Dharmavarapu Naveen Kumar, and Marella Anvitha

Chapter 8: AI-Driven Fraud Detection and Prevention Strategies

Dzisenu Dziedzorm, and Kotagiri Sai Deepak

Chapter 9: AI in Sustainable Finance and ESG Analysis: A Practical Guide

Michael Ayikwei Quarshie, Cornelius Adorm-Takyi, Reginald Djimatey, and Dominic Achari

Chapter 10: An African Perspective on Artificial Intelligence and Climate Finance

Wilson E. Herbert, and Maureen N. Nwala

Chapter 11: AI in Sustainable Risk Management and Compliance

Michael Ayikwei Quarshie, and Reginald Djimatey

Chapter 12: Exploring the Influence of Gold Prices on Forex Rates, Equity Index, and Crude oil Amidst Disruptions: A Comparative Analysis of Machine Learning and Deep Learning Approach

Mulukalapally Susruth, Mahesh Admankar, and Ch. Purnachander

Chapter 13: Intelligent Robo-advisors and Personalized Financial Planning

Cornelius Adorm-Takyi, and Fredrick Appiah Asare

Chapter 14: AI in Algorithmic Trading and Investment Strategies

Joseph Tufuor Kwarteng

Chapter 15: Deep Learning in Stock Forecasting and Market Predictions

Prince Yeboah Asare, and Kotagiri Sai Deepak

Chapter 16: AI Applications for Anti-Money Laundering and Compliance in Financial Institutions

Donkor Nawaah, and Rockson Mintah

Chapter 17: Ethical Considerations for AI in Financial Services

Prashant Subhash Chougule, and Siddharth Nanda

Chapter 18: Artificial Intelligence in Healthcare Finance: Developing Sustainable Financial Models

Emmanuel Asare Tettey

Chapter 19: Blockchain and AI in Finance: Synergies for a Digital Economy

Muneer Shaik, and Mukundamgari Rishik Reddy

Chapter 20: AI-Driven Socially Responsible Investing: Tools for Impact Measurement

Leticia Bosu

Chapter 21: Financial Management and AI: A New Dawn for Companies

Murage Jane Karuana, and R. V. Palanivel

Chapter 22: Case Studies and Future Directions for AI in Finance

Donkor Nawaah

Biography

Dr. Syed Hasan, an Associate Dean and Area Chair of Finance, is a multifaceted professional with a strong presence in the finance industry and academia. With expertise in equity and derivative research, capital markets, technical and fundamental analysis, Hasan's insights are sought after by leading platforms such as CNBC, AajTak, BizTak, and The Economic Times: BFSI. As a media speaker, Hasan bridges the gap between complex financial concepts and the wider audience, making finance more accessible. His leadership at Woxsen University and prominence in the finance world reflect his dedication to advancing education and sharing knowledge with others.

Dr. Hemachandran K. is a distinguished professional, holding multiple prestigious positions in academia and research. He serves as the Director of the AI Research Centre and as an Associate Dean at Woxsen University. Additionally, he holds the Zita Zoltay Paprika Chair Professorship and the Course5i Chair Professorship, alongside his role as Professor and Area Chair in the Analytics Department at Woxsen University. Dr. Hemachandran is deeply involved in shaping the future of AI, evident through his role as an ATL Mentor of Change and his work on AI 2030 initiatives. Based in Hyderabad, India, his contributions to education and research are significant and far-reaching.

Dr. Donkor Nawaah is an Assistant Professor and Head of Accounting and Fintech Department at Woxsen University's School of Business, where he brings over 17 years of expertise in accounting and finance to foster next-generation business education. A dedicated educator and seasoned researcher, Dr. Donkor is committed to advancing the fields of financial reporting, corporate finance, and sustainability, with a particular focus on impactful, real-world applications. His work spans curriculum innovation, corporate governance, and ethical practices, all aimed at equipping students with the skills and insights needed to navigate today's complex financial landscapes. Through his leadership and research, Prof. Donkor actively shapes a forward-thinking academic environment, instilling in students a robust foundation in finance coupled with a commitment to ethical and sustainable practices.

Dr. Raul Villamarin Rodriguez, serving as the Vice President at Woxsen University, is a cognitive technologist and advocate for new age higher education. With expertise in cognitive and behavioral psychology, Rodriguez is at the forefront of innovative approaches to learning and development. His role involves spearheading initiatives that integrate cutting-edge technology with educational practices to enhance student outcomes. As a thought leader in the field, Rodriguez is dedicated to pushing the boundaries of traditional education and fostering cognitive growth in students. His contributions to Woxsen University underscore his commitment to shaping the future of higher education through transformative methodologies.