C059

AI’S IMPACT ON GLOBAL FINANCE

ASSOC. PROF. TS. DR. TAN CHOO KIM, MS. ONG JIA WEN, MS. TS. TAN CHOO PENG

AFFILIATION
Faculty of Information Science & Technology, Multimedia University

Description of Invention

Artificial Intelligence (AI) is pervasive in global finance. The development of AI-driven technologies has played a crucial role in reshaping financial markets. It has revolutionized the current financial processes, improved decision-making processes, and optimized operations. This research aims to investigate the measurable impact of AI technologies in finance, examine both their advantages and disadvantages. Moreover, this research highlights key ethical concerns and intends to propose solutions for resolving them. Lastly, this research aims to explore strategies to support its ethical and effective integration within the financial industry.