Big Data and Artificial Intelligence in Digital Finance

This book examines how advanced digital technologies are transforming the financial sector, showcasing practical applications and innovations in banking and finance.

This open access book explores the transformative impact of advanced digital technologies on the financial sector. Big Data and Artificial Intelligence in Digital Finance delves into how innovations such as Machine Learning, AI, and Blockchain are poised to revolutionize traditional banking and financial services. It highlights the capabilities of these technologies in enabling institutions to efficiently collect, process, and analyze vast amounts of data generated in today's financial landscape.

The book provides a comprehensive overview of popular applications within the realms of Big Data, AI, and Blockchain. It covers significant areas such as Know Your Customer (KYC) processes, Personalized Wealth Management, and Portfolio Risk Assessment. Additionally, it discusses emerging applications in Usage-based Insurance, leveraging data from the Internet of Things (IoT). These insights are grounded in real-life implementations developed under the European Commission's INFINITECH project, showcasing the practical relevance of the discussed technologies in digital finance.

Designed for both researchers and practitioners, Big Data and Artificial Intelligence in Digital Finance serves as a valuable resource for anyone interested in understanding how these digital tools can enhance financial services. By illustrating the intersection of technology and finance, the book emphasizes the importance of innovation in staying ahead in a rapidly evolving industry.