Full Description
This book explores the integration of Generative AI within the Banking, Financial Services, and Insurance (BFSI) sector, elucidating its implications, applications, and the future landscape of BFSI.
The first part delves into the origins and evolution of Generative AI, providing insights into its mechanics and applications within the BFSI context. It goes into the core technologies behind Generative AI, emphasizing their significance and practical applications. The second part explores how Generative AI intersects with core banking processes, ranging from transactional activities to customer support, credit assessment, and regulatory compliance. It focuses on the digital transformation driving investment banking into the future. It also discusses AI's role in algorithmic trading, client interactions, and regulatory adaptations. It analyzes AI-driven techniques in portfolio management, customer-centric solutions, and the next-generation approach to financial planning and advisory matters. The third part equips you with a structured roadmap for AI adoption in BFSI, highlighting the steps and the challenges. It outlines clear steps to assist BFSI institutions in incorporating Generative AI into their operations. It also raises awareness about the moral implications associated with AI in the BFSI sector.
By the end of this book you will understand Generative AI's present and future role in the BFSI sector.
What You Will Learn
Know what Generative AI is and its applications in the BFSI sector
Understand deep learning and its significance in generative models
Analyze the AI-driven techniques in portfolio management and customer-centric solutions
Know the future of investment banking and trading with AI
Know the challenges of integrating AI into the BFSI sector
Who This Book Is For
Professionals in the BFSI and IT sectors, including system administrators and programmers
Contents
Part 1: Introduction to Generative AI.- Chapter 1: Evolution of Generative AI.- Chapter 2: Technologies Behind Generative AI.- Chapter 3: Challenges and Potential Applications of Generative AI in BFSI.- Part 2: Generative AI's Transformative Impact on Financial Verticals.- Chapter 4: Transforming Banking: The Next Frontier.- Chapter 5: Innovations in Investment Banking.- Chapter 6: Transformative Practices in Modern Financial Services.- Chapter 7: The Evolution of Insurance in the Digital Age.- Part 3: The Road Ahead for Generative AI in BFSI.- Chapter 8: Roadmap for AI Implementation in BFSI.- Chapter 9: Challenges in Mainstream Adoption.- Chapter 10: Ethical Dilemmas and Future Potential of Generative AI in the Financial Sphere.
