Vol. 3 No. 2 (2023): African Journal of Artificial Intelligence and Sustainable Development
Articles

AI-Based Risk Management Frameworks for Financial Institutions

Dr. Elena Ferrari
Professor of Information Engineering, University of Florence, Italy
Cover

Published 09-08-2023

How to Cite

[1]
D. E. Ferrari, “AI-Based Risk Management Frameworks for Financial Institutions”, African J. of Artificial Int. and Sust. Dev., vol. 3, no. 2, pp. 444–460, Aug. 2023, Accessed: Dec. 18, 2024. [Online]. Available: https://africansciencegroup.com/index.php/AJAISD/article/view/214

Abstract

Artificial intelligence (AI) uses the power of data to make decisions about the future. It processes large historical data repositories and deduces the patterns established in the data. It then uses the deduced patterns to predict future data points, often to a very high level of accuracy. One subset of AI is called machine learning (ML). ML can be classified as supervised, unsupervised, partially supervised, and reinforcement learning, based on the pattern that ML maps or learns. ML and AI have been revolutionary in the ever-increasing big data world. AI and ML have been used interchangeably with sufficient background that they fall under the technological paradigm currently shaping modern businesses, including the current and future business of banking.

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