AI in Finance: Revolutionizing Risk Management and Strategic Planning

EasyChair Preprint 13360

Abstract

Artificial Intelligence (AI) is fundamentally transforming the finance sector by revolutionizing risk management and strategic planning. This paper explores the wide-ranging applications of AI in finance, highlighting its capacity to improve accuracy, efficiency, and predictive power in key decision-making processes. Advanced AI technologies, such as machine learning and predictive analytics, are being utilized to assess and mitigate risks, detect fraudulent activities, and ensure regulatory compliance, thereby enhancing the stability and robustness of financial institutions. Additionally, AI-driven insights empower financial organizations to refine strategic planning, optimize resource allocation, conduct comprehensive market analysis, and deliver personalized customer experiences. Through an in-depth review of current AI implementations and relevant case studies, this paper illustrates how financial services can leverage AI to innovate, achieve operational excellence, and maintain a competitive edge in an increasingly dynamic market environment.

Keyphrases: Revolutionizing, Risk, management

@booklet{EasyChair:13360,
  author    = {Kurez Oroy and Patrick Evan},
  title     = {AI in Finance: Revolutionizing Risk Management and Strategic Planning},
  howpublished = {EasyChair Preprint 13360},
  year      = {EasyChair, 2024}}