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Application Of Artificial Intelligence In Investment Banks

Author

Listed:
  • VEDAPRADHA.R

    (Department of Commerce, St. Joseph’s College (Autonomous), Tiruchirappalli - 620002)

  • HARIHARAN RAVI

    (Department of Commerce & Management, St. Joseph’s College of Commerce (Autonomous), Bangalore)

Abstract

Banks are automating their processes, migrating their infrastructure and applications to the cloud to create a seamless customer journey. Transformative technology has enabled banks and financial institutions to automate their operations based on advanced data-driven. Banks are adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations. These applications have been embraced by the investment banks as regulatory framework are failing to combat conventional way in combating against money laundering. Artificial Intelligence will focus on cognitive application in functional areas of business along with investment and compliance sectors of financial services industry. Adopting AI based anti-money-laundering, anti-fraud, compliance, credit-underwriting and smart contracts technology in their operations.

Suggested Citation

  • Vedapradha.R & Hariharan Ravi, 2018. "Application Of Artificial Intelligence In Investment Banks," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 22, pages 131-136, December.
    • Handle: RePEc:aic:revebs:y:2018:j:22:vedapradhar
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    More about this item

    Keywords

    Artificial Intelligence (AI); Business Intelligence (BI); Technology Enabled Service (TES); and Datafication.;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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