Ai In Finance: Shaping The Future Of Intelligent Automation And Financial Services

This book provides a clear and accessible overview of how artificial intelligence (AI) and robotics are revolutionizing the financial industry. It begins by introducing the key concepts of AI and its historical evolution, emphasizing its growing importance in finance. The reader is then guided through the foundational technologies, including machine learning and neural networks, while also addressing the ethical challenges of AI.

As the book progresses, it explores practical applications, such as how AI enhances financial analysis, risk management, and operational efficiency through automation. It also discusses AI-driven investment strategies, like algorithmic trading and robo-advisors, and highlights how AI improves customer experiences with tools like chatbots and personalized services.

Further chapters focus on AI's role in risk management, regulatory compliance, and cybersecurity, as well as its influence on innovative financial products like InsurTech and cryptocurrencies. The book concludes by examining AI's impact on financial planning, future workforce skills, and the broader transformation of the financial sector, offering predictions and strategic recommendations for stakeholders.

Dr Krishan Arora is a Professor at Lovely Professional University with over seventeen years of academic experience. He is currently the Head of the Department of Power Systems in the School of Electronics and Electrical Engineering, Lovely Professional University. He has completed his PhD in the area of Electrical Engineering from MM (Deemed to be) University, Ambala. He did his M.Tech in Electrical Engineering from IKG Punjab Technical University, Punjab, and B.Tech in Electrical and Electronics Engineering from IKG Punjab Technical University, Punjab. He has published more than 80 research papers in refereed journals and conferences organized by IEEE, Springer, and IOP Science. He has organized several workshops, summer internships, international conferences, and expert lectures for students. He has supervised 1 PhD thesis, 10 postgraduate theses, and more than 30 undergraduate students' projects. He has taken and completed 15 non-government and consultancy projects. He has attended/participated in twenty-four national/international online webinars. His area of expertise includes Electrical Machines, Non-Conventional Energy Sources, Load Frequency Control, Automatic Generation Control, and Modernization of Smart Grids. He has taught various courses at the undergraduate and postgraduate levels, such as Power Electronics, Non-Conventional Energy Sources, Electric Drives, Induction and Synchronous Machines, and Digital Electronics.

Dr Himanshu Sharma has completed his PhD in the area of Power Electronics from Punjab Engineering College, Chandigarh. He did his M.Tech in Electrical Engineering from Punjab Engineering College, Chandigarh. He was associated with Lovely Professional University in the Division of Research & Development with more than eight years of experience in intellectual property rights and academics. He is currently deputed as Dean R&D at G H Raisoni College of Engineering and Management, Nagpur since December 2024. He has published more than 30 research papers in refereed IEEE, Springer, and IOP Science journals and conferences. He has organized several workshops, summer internships, international conferences, and expert lectures for students. He has supervised more than 5 PhD students and more than 15 undergraduate and postgraduate students. He has attended/participated in twenty national/international online webinars. His area of expertise includes Power Electronics, Machine Learning, and Optimization techniques. He has taught various courses at undergraduate and postgraduate levels, like Power Electronics, Non-Conventional Energy Sources, and Electric Drives. He has edited numerous books for reputable publishers such as Wiley, CRC Press, Bentham Science, and others.