DeepAI
Log In Sign Up

AI in Finance: Challenges, Techniques and Opportunities

07/20/2021
by   Longbing Cao, et al.
1

AI in finance broadly refers to the applications of AI techniques in financial businesses. This area has been lasting for decades with both classic and modern AI techniques applied to increasingly broader areas of finance, economy and society. In contrast to either discussing the problems, aspects and opportunities of finance that have benefited from specific AI techniques and in particular some new-generation AI and data science (AIDS) areas or reviewing the progress of applying specific techniques to resolving certain financial problems, this review offers a comprehensive and dense roadmap of the overwhelming challenges, techniques and opportunities of AI research in finance over the past decades. The landscapes and challenges of financial businesses and data are firstly outlined, followed by a comprehensive categorization and a dense overview of the decades of AI research in finance. We then structure and illustrate the data-driven analytics and learning of financial businesses and data. The comparison, criticism and discussion of classic vs. modern AI techniques for finance are followed. Lastly, open issues and opportunities address future AI-empowered finance and finance-motivated AI research.

READ FULL TEXT

page 1

page 2

page 3

page 4

07/10/2020

AI in FinTech: A Research Agenda

Smart FinTech has emerged as a new area that synthesizes and transforms ...
10/09/2020

Towards Self-Regulating AI: Challenges and Opportunities of AI Model Governance in Financial Services

AI systems have found a wide range of application areas in financial ser...
01/20/2022

Automatic Item Generation of Figural Analogy Problems: A Review and Outlook

Figural analogy problems have long been a widely used format in human in...
09/22/2020

Qlib: An AI-oriented Quantitative Investment Platform

Quantitative investment aims to maximize the return and minimize the ris...
11/14/2022

An Analytics of Culture: Modeling Subjectivity, Scalability, Contextuality, and Temporality

There is a bidirectional relationship between culture and AI; AI models ...
04/16/2021

Learning to Boost the Efficiency of Modern Code Review

Modern Code Review (MCR) is a standard in all kinds of organizations tha...