To Study the Impact of Artificial Intelligence as Predictive Model in Banking Sector: Novel Approach
Author(s):
Veeranjaneyulu Veerla
Keywords:
Banking sector, Accounting and finance, sustainable invest strategies, artificial intelligence, deep learning, convolution neural network model, regression analysis, KF- model i.e. knowledge flow model representation, etc.
Abstract
Artificial Intelligence (AI) has, during the past few years, made many signs of progress which have enabled the creation of professional financing applications, which would, perhaps, disrupt the finance industry. Thus, it is assumed that the AI could not only replace human capital in full or in part but also enhance its performance beyond human benchmarks. For companies around the world, there are a variety of programs. A systemic content analysis methodology was used to evaluate related literature publications in this study. A selection of papers, including posts, has been collected. This research focuses on broad publications peer-reviewed, including Scopus and SSRN, which are listed in quality and impact rankings. This selection of the highest-ranking papers not only guaranteed the quality of papers that were most reviewed and validated but also provided the most up-to-date research state during their publication periods. Some keywords are used to scan for artificial intelligence papers, such as artificial intelligence and financial articles such as corporate finance, artificial intelligence, digital finance, financial and artificial intelligence, etc. Banking sector is all set to amplify its strategy implementation by leveraging latest digital technologies so that its customers may experience swift and secure processing of transactions. This study examined the evolution, adoption, implementation and future opportunities of leveraging. Artificial Intelligence (AI) for successful strategy implementation in India’s banking sector. In pursuance of this study, authors reviewed extensive literature, explored secondary data about the research work done on „Artificial Intelligence in Banking Sector‟ to find out the current status of research as well as practical application of AI in various aspects of banking strategies e.g. surveillance, fraud detection, ensuring compliances, credit assessment, customer service, handling monotonous voluminous tasks etc. in general and focusses on recent developments in context of India’s banking sector, urging banking leadership to shift their focus proactively towards leveraging AI with an objective to bring in delight for customers.
Article Details
Unique Paper ID: 150628

Publication Volume & Issue: Volume 7, Issue 8

Page(s): 94 - 105
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Volume 7 Issue 9

Last Date 25 February 2020

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