Expert Systems in Finance Smart Financial Applications in Big Data Environments

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Synopsis

Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures.
In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications’ size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent.
This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Book details

Series:
Banking, Money and International Finance
Author:
Aboul Ella Hassanien, Mohamed Elhoseny, M. Kabir Hassan, Noura Metawa
ISBN:
9780429656866
Related ISBNs:
9780367729011, 9780367109523, 9780429024061
Publisher:
Taylor and Francis
Pages:
14
Reading age:
Not specified
Includes images:
Yes
Date of addition:
2023-09-10
Usage restrictions:
Copyright
Copyright date:
2019
Copyright by:
Aboul Ella Hassanien, M. Kabir Hassan, Mohamed Elhoseny, Noura Metawa 
Adult content:
No
Language:
English
Categories:
Business and Finance, Nonfiction