IDEAS home Printed from https://ideas.repec.org/a/vls/rojfme/v7y2019i1p197-212.html

Artificial Intelligence, A Key Instrument In The Architecture Of Financial Services At Local And Global Level

Author

Listed:
  • MANTA, Elena Otilia P.

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest, Romania)

Abstract

The big challenges at the global level are found today in our daily life, which confirms that we are no longer under the direct influence only of the decisions at the local level but we are predominantly under the decisions at the global level, especially when we talk about financial services markets. In this context of the challenges we can say that we are in the redefinition of services, tools and not least the architecture of financial markets. Within these challenges and with a direct impact on the financial services architecture, it is artificial intelligence. Arthur Bachinskiy presented in his paper The Growing Impact of AI in Financial Services: Six Examples, these six examples of the implication of artificial intelligence in finance, respectively: AI and Credit Decisions; AI and risk management; AI and fraud prevention; AI and trade; AI and Custom Bank; AI and process automation. In this global context, identifying the instruments for accessing financial resources, especially for those in need, is not only a priority for new economic researchers, but also a challenge in defining the architecture of financial markets, respectively identifying financial instruments, mechanisms and of financial means to ensure the sustainability of the company, respectively of social and financial inclusion.

Suggested Citation

  • MANTA, Elena Otilia P., 2019. "Artificial Intelligence, A Key Instrument In The Architecture Of Financial Services At Local And Global Level," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 7(1), pages 197-212, October.
    • Handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:197-212
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol7i1p197-212.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:197-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.