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Books > Professional & Technical > Technology: general issues > General
The advancement in FinTech especially artificial intelligence (AI)
and machine learning (ML), has significantly affected the way
financial services are offered and adopted today. Important
financial decisions such as investment decision making,
macroeconomic analysis, and credit evaluation are getting more
complex in the field of finance. ML is used in many financial
companies which are making a significant impact on financial
services. With the increasing complexity of financial transaction
processes, ML can reduce operational costs through process
automation which can automate repetitive tasks and increase
productivity. Among others, ML can analyze large volumes of
historical data and make better trading decisions to increase
revenue. This book provides an exhaustive overview of the roles of
AI and ML algorithms in financial sectors with special reference to
complex financial applications such as financial risk management in
a big data environment. In addition, it provides a collection of
high-quality research works that address broad challenges in both
theoretical and application aspects of AI in the field of finance.
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