Big Data and Artificial Intelligence in Digital Finance: Increasing Personalization and Trust in Digital Finance using Big Data and AI

This open-access book explores how cutting-edge digital technologies like Big Data, Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. It illustrates how recent advances in these technologies facilitate banks, FinTech, and financial institutions to collect, process, analyze, and leverage large amounts of data. It also describes popular applications in KYC, personalized wealth management, asset management, portfolio risk assessment, and Usage-based Insurance.

Format: Paperback / softback
Length: 363 pages
Publication date: 30 April 2022
Publisher: Springer Nature Switzerland AG

This comprehensive open-access book delves into the transformative impact of cutting-edge digital technologies such as Big Data, Machine Learning, Artificial Intelligence (AI), and Blockchain on the financial sector. It showcases how these technologies enable banks, FinTechs, and financial institutions to effectively collect, process, analyze, and harness the vast amounts of data generated and exchanged within the industry. By providing a detailed exploration of these advancements, the book offers valuable insights into how these technologies facilitate the optimization of financial operations, customer engagement, and risk management.

Furthermore, the book presents a comprehensive overview of the most popular Big Data, AI, and Blockchain applications in the financial sector. It discusses novel applications in areas such as Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, and various innovative Usage-based Insurance applications leveraging Internet-of-Things data. These applications have been developed, deployed, and validated in real-life digital finance settings within the framework of the European Commission-funded INFINITECH project, which serves as a flagship innovation initiative for Big Data and AI in digital finance.

Designed for researchers and practitioners in the fields of Big Data, AI, banking, and digital finance, this book provides a valuable resource for those seeking to stay abreast of the latest developments and advancements in these rapidly evolving technologies. It offers a comprehensive understanding of the potential benefits and challenges associated with their implementation, equipping readers with the tools and knowledge necessary to navigate the digital finance landscape of the future.

Weight: 593g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030945923
Edition number: 1st ed. 2022