AI integration in financial services: a systematic review of trends and regulatory challenges
St Petersburg University · Military Geographical Institute · +3 more institutions
Abstract
The integration of Artificial Intelligence (AI) into financial services represents a developmental shift in the industry, presenting unprecedented opportunities and challenges. This scientometric review examines the evolution of AI in finance from 1989 to 2024, analyzing its pivotal applications in credit scoring, fraud detection, digital insurance, robo-advisory services, and financial inclusion. The analysis reveals significant trends, particularly the growing adoption of machine learning, natural language processing, and blockchain technologies in reshaping financial operations and decision-making processes. The review addresses critical regulatory and ethical challenges, emphasizing the imperative for…
Citation impact
- FWCI
- 114.91
- Percentile
- 100%
- References
- 173
Authors
3- DVDarko VukovićCorresponding
St Petersburg University, Military Geographical Institute
- SDSenanu Dekpo-Adza
National Research University Higher School of Economics, Stockholm School of Economics in Russia, Saint Petersburg University of Management and Economics
- SMStefana Matović
Military Geographical Institute
Topics & keywords
- Financial services
- Business
- Finance