The Psychology of Finance: A Generative AI Perspective
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Abstract
The development of artificial intelligence (AI) has become a revolutionary technology with a significant impact on many industries, including the rapid financial revolution (Fintech). This article provides a comprehensive review of the role of AI in fintech to explore its applications, advantages, challenges and future potential.The first research defines artificial intelligence and shows its main concepts such as artificial neural networks (GAN) and differential autoencoders (VAE). It then understands specific applications of AI in finance, including but not limited to fraud detection, algorithmic trading, risk assessment, consumer electronics, and personal finance advice.In addition, this article explores the real benefits that artificial intelligence brings to the fintech sector, such as operational efficiency,improved customer experience, better risk management and improved security measures. But alongside these benefits, there are also important issues and considerations, including concerns about data privacy, regulatory practices and the definition of good standards.Through indepth analysis of existing research and business practice this article proposes to reveal the evolution of artificial intelligence in the changing financial technology landscape. He also talks about the changes and future directions, seeing the situation where AI can not only improve existing financial services but also pave the way for innovative and unprecedented solutions in the fintech industry.
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References
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