Smart Finance Unveiled

Abstract

Integrating artificial intelligence and machine learning technology with the financial sector has resulted in the emergence of smart finance. This chapter summarizes the complex interconnection between artificial intelligence, machine learning, and the dynamic environment of financial systems. This chapter examines the expanding use of algorithms in financial decision-making and analyzes how artificial intelligence and machine learning may be applied. These applications include improving algorithmic trading techniques, enhancing the accuracy of credit scoring, optimizing risk assessment, and providing personalized customer care. Nevertheless, incorporating technology has challenges, encompassing ethical deliberations and regulatory obstacles. The chapter also explores future developments, including topics such as explainable AI, integration of blockchain technology, and the possible influence of quantum computing on financial paradigms. This research examines the complex relationship between artificial intelligence, machine learning, and the future direction of smart finance.