A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling
Artificial intelligence is changing the world in unprecedented ways and redefining all areas of human activity. In recent decades, the development of AI has progressed at an extraordinary pace. This study examines the scope of implementing AI in the financial sector, insurance, and financial control...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-05-01
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| Series: | Risks |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-9091/11/5/91 |
| _version_ | 1797598485797666816 |
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| author | Aleksandrina Aleksandrova Valentina Ninova Zhelyo Zhelev |
| author_facet | Aleksandrina Aleksandrova Valentina Ninova Zhelyo Zhelev |
| author_sort | Aleksandrina Aleksandrova |
| collection | DOAJ |
| description | Artificial intelligence is changing the world in unprecedented ways and redefining all areas of human activity. In recent decades, the development of AI has progressed at an extraordinary pace. This study examines the scope of implementing AI in the financial sector, insurance, and financial controlling. The research team focuses on these areas, as the main objective of this review is to provide a comprehensive walk-through and to fill the gaps in the literature related to AI implementation in finance, insurance, and financial control from an economic perspective. We provide a comprehensive overview of AI implementation in finance, insurance, and financial controlling, highlighting crucial issues in that process and identifying the relationship between the development of these economic sectors and AI. The authors’ team identifies the trends and main themes in the existing literature in AI-related publications in finance, insurance, and financial control. We discuss the main advantages and disadvantages of AI implementation, identified by our research, and also make some suggestions regarding future research having in mind the interdisciplinary of the topic, the vast development of AI and technologies, and the increasing demand for AI-based solutions, services and products. |
| first_indexed | 2024-03-11T03:21:46Z |
| format | Article |
| id | doaj.art-c630f88d596b4a2c9d526fc90b13e78b |
| institution | Directory Open Access Journal |
| issn | 2227-9091 |
| language | English |
| last_indexed | 2024-03-11T03:21:46Z |
| publishDate | 2023-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj.art-c630f88d596b4a2c9d526fc90b13e78b2023-11-18T03:09:15ZengMDPI AGRisks2227-90912023-05-011159110.3390/risks11050091A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial ControllingAleksandrina Aleksandrova0Valentina Ninova1Zhelyo Zhelev2Tsenov Academy of Economics, 5250 Svishtov, BulgariaTsenov Academy of Economics, 5250 Svishtov, BulgariaTsenov Academy of Economics, 5250 Svishtov, BulgariaArtificial intelligence is changing the world in unprecedented ways and redefining all areas of human activity. In recent decades, the development of AI has progressed at an extraordinary pace. This study examines the scope of implementing AI in the financial sector, insurance, and financial controlling. The research team focuses on these areas, as the main objective of this review is to provide a comprehensive walk-through and to fill the gaps in the literature related to AI implementation in finance, insurance, and financial control from an economic perspective. We provide a comprehensive overview of AI implementation in finance, insurance, and financial controlling, highlighting crucial issues in that process and identifying the relationship between the development of these economic sectors and AI. The authors’ team identifies the trends and main themes in the existing literature in AI-related publications in finance, insurance, and financial control. We discuss the main advantages and disadvantages of AI implementation, identified by our research, and also make some suggestions regarding future research having in mind the interdisciplinary of the topic, the vast development of AI and technologies, and the increasing demand for AI-based solutions, services and products.https://www.mdpi.com/2227-9091/11/5/91financial productscyber insurancefinancial crimesbibliometric analysissystematic review |
| spellingShingle | Aleksandrina Aleksandrova Valentina Ninova Zhelyo Zhelev A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling Risks financial products cyber insurance financial crimes bibliometric analysis systematic review |
| title | A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling |
| title_full | A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling |
| title_fullStr | A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling |
| title_full_unstemmed | A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling |
| title_short | A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling |
| title_sort | survey on ai implementation in finance cyber insurance and financial controlling |
| topic | financial products cyber insurance financial crimes bibliometric analysis systematic review |
| url | https://www.mdpi.com/2227-9091/11/5/91 |
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