Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security - Hardcover

Hardcover

ISBN 13: 9798369321850

Publisher: Igi Global Scientific Publishing, 2024

Synopsis

Integrating Artificial Intelligence (AI) presents immense opportunities and daunting challenges in the rapidly evolving finance landscape as AI-driven algorithms and models revolutionize decision-making and enhance efficiency, concerns about bias, ethics, and security loom. Financial institutions must navigate these complexities responsibly while leveraging AI's potential to innovate and thrive. Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security guides this dynamic environment. Written for professionals, researchers, policymakers, and students, this book comprehensively explores AI's impact on finance. It delves into the intricacies of bias in algorithms, ethical frameworks, cybersecurity, and regulatory compliance, offering actionable insights to address these critical issues. Through detailed analysis, real-world examples, and strategic mitigation strategies, this book equips readers with the knowledge and tools necessary to embrace AI in finance responsibly. It encourages a shift towards ethical AI adoption, ensuring that financial institutions not only reap the benefits of AI but also uphold principles of fairness, transparency, and security. Join the journey to a future where AI transforms finance positively and ethically.

About this title

About the Author

Siraj Kariyilaparambu Kunjumuhammed (Siraj. K.K) is currently Assistant Professor in Finance at Modern College of Business and Science, Sultanate of Oman. He is also empaneled as an External Reviewer at Oman Academic Accreditation Authority and Quality Assurance of Education (OAAAQA). He is a Certified Lead Auditor (ISO 9001:2015) and a Certified Risk Professional (ISO 22301: 2012, ISO 27001:2013 & ISO 31000:2018). Dr. Siraj is actively involved in quality assurance and accreditation activities of HEIs and has contributed significantly to strategic and operational planning, policy development and reviews, curriculum development and reviews, and international accreditation activities. He has over 16 years of academics and industry experience. He has worked as Head of Department - Business Studies at the University of Technology and Applied Science (UTAS -Ibra), a faculty member in the Department of Business Studies at the University of Technology and Applied Science (UTAS - Ibra and Muscat), and as Management Consultant in Global Services in the Sultanate of Oman. He has contributed chapters in edited books and published several research papers in internationally refereed journals and conference proceedings. His area of interest includes asset quality, comparative studies on Islamic and conventional banking, quality assurance, and pedagogical developments in HEIs. Dr. Siraj holds a Ph.D. in finance from Cochin University of Science and Technology (CUSAT), MBA and MCom in Finance from Mahatma Gandhi University, India.

Edition details

• Publisher: Igi Global Scientific Publishing
• Publication date: 2024
• Language: English
• ISBN 13: 9798369321850
• Binding: Hardcover
• Number of pages: 320
• Editor: Kunjumuhammed Siraj Kariyilaparambu, Madi Hisham, Abouraia Mahmoud