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Stages of development of artificial intelligence in the banking sector

https://doi.org/10.24182/2073-9885-2023-17-3-33-38

Abstract

Artificial intelligence is transforming many areas of activity, including completely transforming banks. Artificial intelligence offers solutions to improve the rationality of decisions, the speed and accuracy of information processing, the provision of ready–made solutions and the implementation of monitoring operations. This article examines the evolution of artificial intelligence in the banking sector. The key areas of AI use in the financial market are highlighted, such as scoring and underwriting, anti–fraud, investment portfolio management, robo–consulting, monitoring client requests and others.
The subject of the research in the article is the system of relations arising during the transformation of the banking sector with the introduction of artificial intelligence.

About the Authors

V. L. Parkhomenko
Tambov State Technical University
Russian Federation

Cand. Sci. (Econ.)

Tambov



I. S. Kulaeva
Tambov State Technical University
Russian Federation

Master’s student, Department of Economics

Tambov



References

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3. Zolotova, E.A. Russian and foreign practice of artificial intelligence in banking and its importance for business processes / E.A. Zolotova, E.Y. Kalashnikova, O.N. Chuvilova, S.M. Grishanov. Bulletin of the North Caucasus Federal University. 2023. № 1(94). Pp. 21–31.

4. Butenko, E.D. Artificial intelligence in banks today: experience and prospects / E.D. Butenko. Finance and credit. 2020. No. 2 Pp. 230–242.

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6. Asryan, A. S. Artificial intelligence in modern banking / A.S. Asryan. Innovation and investment. 2023. No. 12. Pp. 263–266.


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For citations:


Parkhomenko V.L., Kulaeva I.S. Stages of development of artificial intelligence in the banking sector. Entrepreneur’s Guide. 2024;17(3):33–38. (In Russ.) https://doi.org/10.24182/2073-9885-2023-17-3-33-38

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ISSN 2073-9885 (Print)
ISSN 2687-136X (Online)