International Journal of Social Science & Economic Research
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Title:
A STUDY REGARDING THE USE CASES, CHALLENGES AND FUTURE PROSPECTS OF ARTIFICIAL INTELLIGENCE IN FINANCE

Authors:
Tanya Agarwal

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Tanya Agarwal
The Shri Ram School Aravali, Gurugram, Haryana

MLA 8
Agarwal, Tanya. "A STUDY REGARDING THE USE CASES, CHALLENGES AND FUTURE PROSPECTS OF ARTIFICIAL INTELLIGENCE IN FINANCE." Int. j. of Social Science and Economic Research, vol. 7, no. 6, June 2022, pp. 1688-1699, doi.org/10.46609/IJSSER.2022.v07i06.016. Accessed June 2022.
APA 6
Agarwal, T. (2022, June). A STUDY REGARDING THE USE CASES, CHALLENGES AND FUTURE PROSPECTS OF ARTIFICIAL INTELLIGENCE IN FINANCE. Int. j. of Social Science and Economic Research, 7(6), 1688-1699. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i06.016
Chicago
Agarwal, Tanya. "A STUDY REGARDING THE USE CASES, CHALLENGES AND FUTURE PROSPECTS OF ARTIFICIAL INTELLIGENCE IN FINANCE." Int. j. of Social Science and Economic Research 7, no. 6 (June 2022), 1688-1699. Accessed June, 2022. https://doi.org/10.46609/IJSSER.2022.v07i06.016.

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ABSTRACT:
As technology has become an imperative part of fields across the world, financial methods too are now evolving to adapt themselves to the technological framework, with implications in Artificial Intelligence (AI). AI provides greater eflciency, makes complex tasks simpler, processes mass data and provides accurate results. The main objective of this study is to identify the benefits of AI in finance based upon the review of current literature. The paper is divided into three main categories: The first part summarizes the use cases of Artificial Intelligence in Finance which helps us draw inspiration and make accurate predictions for the future prospects of AI in Finance, the second part of the paper discusses the challenges that Artificial Intelligence poses in finance to understand the shortcomings that we have to keep in mind while expecting the future prospects of AI in Finance and the third part of the study highlights the future prospects of Artificial Intelligence. The paper aims to serve as a comprehensive review of Artificial Intelligence in Finance.

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