TY  - BOOK
TI  - Artificial intelligence for risk mitigation in the financial industry
SN  - 9781394174713 
AV  - HG173 .A78 2024
U1  - 332.0285/63 23/eng/20240606
PY  - 2024///
CY  - Hoboken, NJ, Beverly, MA
PB  - John Wiley & Sons, Inc., Scrivener Publishing LLC
KW  - Finance
KW  - Technological innovations
KW  - Artificial intelligence
KW  - Economic aspects
KW  - Electronic books
N2  - The applications of the financial industry incorporate vast volumes of structured and unstructured data to gain insight into the financial and non-financial performance of companies. As a result of exponentially increasing data, auditors and management professionals need to enhance processing capabilities while maintaining the effectiveness and reliability of the risk mitigation process. The risk mitigation and audit procedures are processes involving the progression of activities to "transform inputs into output." As AI systems continue to grow mainstream, it is difficult to imagine an aspect of risk mitigation in the financial industry that will not require AI-related assurance or AI-assisted advisory services. AI can be used as a strong tool in many ways, like the prevention of fraud, money laundering, and cybercrime, detection of risks and probability of NPAs at early stages, sound lending, etc
UR  - https://onlinelibrary.wiley.com/doi/book/10.1002/9781394175574
ER  -