Artificial Financial Intelligence in China

This book explores the application of artificial intelligence in the financial field in China, covering areas such as mobile payment, big data, and wealth management. It highlights the advantages of AI technologies in FinTech and the importance of scientific and technological innovation in driving financial services. The book provides practical examples of how Chinese banks are using AI to improve their operations and management, and discusses the potential challenges and opportunities in the development of intelligent finance in China.

Format: Paperback / softback
Length: 192 pages
Publication date: 29 October 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the diverse application scenarios of artificial financial intelligence regulation, commercial banking, wealth management, and payments, among others. It conducts a detailed examination of the primary applications of China's artificial intelligence in the financial sector, while also analyzing specific case studies. In recent years, with the widespread adoption of smartphones and the rapid growth of e-commerce, mobile payment, big data, and other technologies, China has witnessed a surge in their popularity. Particularly, artificial intelligence technologies, such as facial, speech, and semantic recognition, are emerging as promising solutions in the field of FinTech. This signals the arrival of a new era of intelligent finance.

The Chinese government has articulated a clear vision for the country's economic development, emphasizing the importance of relying on a robust cycle of domestic demand and innovation as the primary driver. Simultaneously, it maintains foreign markets and investors as a secondary engine of growth. Recognizing the fundamental role of science and technology innovation in driving the economic and social cycle, the government has implemented the dual circulation strategy to promote sustainable and balanced growth.

In this context, it is crucial to understand the key role of scientific and technological innovation in financial innovation services. By leveraging artificial intelligence, financial institutions can enhance their efficiency, accuracy, and customer experience. Artificial intelligence has the remarkable ability to handle complex data, making it an invaluable tool for financial services.

Many Chinese banks have already embraced artificial intelligence in their daily operations and management. For instance, they utilize AI to accurately identify customers, streamline processes, implement intelligent marketing strategies, and transform product processes. These innovative approaches not only improve operational efficiency but also enhance customer satisfaction and loyalty.

As the adoption of artificial intelligence in the financial sector continues to grow, it is evident that there is a natural relationship between AI and financial services. Financial services are inherently data-driven, and data is the lifeblood of finance. On the other hand, artificial intelligence possesses exceptional skills in dealing with complex data sets. By leveraging AI, financial institutions can gain deeper insights into customer behavior, market trends, and risk management, enabling them to make informed decisions and provide superior financial services.

In conclusion, this book provides a comprehensive exploration of the application of artificial financial intelligence regulation, commercial banking, wealth management, and payments, in addition to analyzing the future of intelligent finance in China. It highlights the importance of science and technology innovation in driving economic growth and promoting financial inclusion. By leveraging artificial intelligence, financial institutions can enhance their competitiveness, improve operational efficiency, and deliver better customer experiences. As the AI landscape continues to evolve, it is exciting to see how it will shape the future of financial services in China and beyond.

Weight: 326g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811655944
Edition number: 1st ed. 2021