Deep learning is increasingly used in financial modeling, but its lack of transparency raises risks. Using the well-known Heston option pricing model as a benchmark, researchers show that global ...

My company, Kickfurther, has carved out a niche by connecting businesses in need of funding for their retail inventory with buyers of that inventory. A key component of this business model is the ...

The financial sector is anticipated to experience a notable surge in fraudulent activities, leading to projected losses exceeding $40 billion by 2027. This increase marks a significant uptick from ...

WEST LAFAYETTE, Ind. — Purdue University is offering a new series of Data Science in Finance courses focusing on applications of data science and machine learning to solve modern financial problems ...

AI or machine learning is changing the way industries across the spectrum interact with their customers, as well as develop their processes. And nowhere is this more evident than in the financial ...

The financial services sector has always been one of the most heavily regulated industries in the world. From anti-money laundering (AML) directives to Know Your Customer (KYC) requirements, ...

As advisors continue to show excitement for the potential of artificial intelligence, the financial services industry is focused on how to make the most of the burgeoning technology in the years to ...

Technology in financial services can be somewhat of a double-edged sword. On one side, new technological innovations, like artificial intelligence (AI) and machine learning (ML), are striving to make ...

A man stands next to an AI (artificial intelligence) logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. In the realm of ...

Deepfakes — also known as synthetic media — can be used for more than impersonating celebrities and making disinformation more believable. They can also be used for financial fraud. Fraudsters can use ...

Roadblocks to AI adoption in wealth management are usually attributed to lack of education, access and support. If advisors only understood these tools, their hesitations would melt away, the ...

In the realm of anti-money laundering (AML) and counter-terrorist financing (CTF), the deployment of artificial intelligence helps scour transaction networks to identify hidden patterns that indicate ...