Investigation of Machine Learning Approaches in the Financial Services

Padilla-Caballero J.; Matías-Cristóbal O.; Flores-Cabrera-De-Ruiz K.; Mamani-Ticona M. · Recent Advances in Management and Engineering (2024) · DOI: 10.1201/9781003532026-18

Resumen

Over the past few years, there have been significant technological breakthroughs that have impacted everyone and every part of life. One such development that has the potential to alter the course of human history is machine learning (ML) technology. Artificially intelligent computer software may imitate and behave like a person. In most corporate operations nowadays, ML and artificial intelligence (AI) are applied. The financial services sector is one where the sending of AI and ML is extending rapidly. AI and ML are supplanting the main part of fundamental monetary capabilities like risk appraisal, exchanging stocks and application for credits. ML will not entirely replace the need for finance specialists, but it will give finance managers more time to concentrate on the crucial, strategic components of their business rather than tedious, repetitive duties. The significant target of this study is to assess the utilization of AI and ML in different financial processes as well as the impacts of these forward leaps on undertakings, laborers and monetary subject matter experts.

Instituciones: Universidad Nacional de Ucayali; Universidad César Vallejo