Abstract
The chapter is about the development of Artificial Intelligence (AI) technology in finance, especially under the case of the COVID-19 pandemic in 2020. It does not only present the applications, but also the regulation of AI and Financial Technology FinTech. An innovation regulatory framework at the regulation level and compulsory restrictive guidance and supervision for AI-based technology to allow sustainable growth will promote the accelerated growth of AI in finance. The AI in the financial industry itself focuses on the main characteristics of “digitalization”, “onlineization”, “remoteization”, “visualization”, and “intelligence”, building a multi-functional, all-process end-to-end system based on data, enabling multi-user multi-terminal concurrent office, intelligently assisting in dealing with problems and giving solutions. The advent of AI and its ever-broader effects on other industries demands an assessment of its influence on achieving sustainable development goals.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Regulatory Technology.
References
Beier, G., Ullrich, A., Niehoff, S., Reißig, M., Habich, M.: Industry 4.0: How it is defined from a sociotechnical perspective and how much sustainability it includes—A literature review. J. Clean. Prod. (2020)
Büchi, G., Cugno, M., Castagnoli, R.: Smart factory performance and indutry 4.0. Technological Forecasting and Social Change, 150 (2020)
Dirican, C.: The impacts of robotics, artificial intelligence on business and economics. In: World Conference on Technology, Innovation and Entrepreneurship, pp. 564–573 (2015)
Gossett, S.: AI Bankability: 10 Ways Artificial Intelligence is Transforming Banking (2020, March 19). Fintech News https://www.fintechnews.org/ai-bakability-10-ways-artificial-intelligence-is-transforming-banking/
Isaacs, K.: 4 Technologies Driving Treasury Transformation (2019, November 14). J.P.Morgan https://www.jpmorgan.com/commercial-banking/insights/technologies-driving-treasury-transformation
Kagermann, H., Wahlster, W., Helbig, J.: Umsetzungsemofehlungen für das zukunftsprojekt Industrie 4.0 (2013). https://www.bmbf.de/files/Umsetzungsempfehlungen_Industrie4_0.pdf
Li, Y.: NYSE to Temporarily Close Floor, Move to Electronic Trading after Positive Coronavirus Tests (2020, March 18). CNBC: https://www.cnbc.com/2020/03/18/nyse-to-temporarily-close-trading-floor-move-to-electronic-trading-because-of-coronavirus.html
Moosa, I.A., Ramiah, V.: The Financial Consequences of Behavioural Biases: An Analysis of Bias in Corporate Finance and Financial Planning. Palgrave Macmillan (2017)
Polak, P., Robertson, D.C., Lind, M.: The new role of the corporate treasurer: emerging trends in response to the financial crisis. Int. Res. J. Finan. Econ. 78, 48–69 (2011)
Polak, P., Masquelier, F., Michalski, G.: Towards treasury 4.0/ The evolving role of corporate treasury management for 2020. Manag.: J. Contemp. Manag. Issues 23(2), 189–197 (2018)
Polak, P., Nelischer, C., Guo, H., Robertson, D.C.: “Intelligent” finance and treasury management: what we can expect. AI & SOCIETY (2019)
Ramiah, V., Zhao, Y., Moosa, I., Graham, M.: A behavioural finance approach to working capital management. Eur. J. Finan. 22(8–9), 662–687 (2016)
Roszkowska, P., Prorokowski, L.: The changing role of a bank's treasury. Asia Pac. J. Finan. Stud. 46(6), 797–823 (2017)
Vinuesa, R., Azizpour, H., Leite, I., Balaam, M., Dignum, V., Domisch, S., Felländer, A., Langhans, S., Tegmark, M., Nerini, F.F.: The role of artificial intelligence in achieving the sustainable development goals. Nat. Commun. Retrieved from Nature (2020)
Yuriy, B., Pavlo, R., Tetiana, V., Serhiy, L.: The influence of Industry 4.0 on financial services: determinants of alternative finance development. Polish J. Manag. Stud. 19(1), 70–93 (2019)
Zeidan, R., Shapir, O.: Cash conversion cycle and value enhancing operations: theory and evidence for a free lunch. J. Corp. Finan. 45, 203–219 (2017)
Zhu, N., Tse, E., Tang, N., Wu, T., Xin, L., Dai, Q.: Coronavirus in China—insights on the impacts and opportunities for change (2020, March 04). World Economic Forum: https://www.weforum.org/agenda/2020/03/coronavirus-china-opportunities-change
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Guo, H., Polak, P. (2021). Artificial Intelligence and Financial Technology FinTech: How AI Is Being Used Under the Pandemic in 2020. In: Hamdan, A., Hassanien, A.E., Razzaque, A., Alareeni, B. (eds) The Fourth Industrial Revolution: Implementation of Artificial Intelligence for Growing Business Success. Studies in Computational Intelligence, vol 935. Springer, Cham. https://doi.org/10.1007/978-3-030-62796-6_9
Download citation
DOI: https://doi.org/10.1007/978-3-030-62796-6_9
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-62795-9
Online ISBN: 978-3-030-62796-6
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)