Artificial Intelligence (AI) and Finance

Artificial intelligence (AI) has the potential to significantly improve efficiency, reduce costs, and increase the speed and accuracy of financial decision-making, making it an increasingly important tool for financial professionals. One way that AI can improve efficiency in finance is by automating tasks and processes that are time-consuming and repetitive for humans. For example, AI algorithms can be used to analyze and process large amounts of data, such as financial statements and market data, in a fraction of the time that it would take a human to do so. This can allow financial professionals to focus on higher-value tasks, such as interpreting data and making strategic decisions, rather than being bogged down by mundane tasks. AI can also reduce costs in finance by increasing automation and eliminating the need for certain tasks to be performed manually. This can result in cost savings for financial institutions, which can then be passed on to customers in the form of lower fees or better services. AI can be used to identify unusual patterns of activity that may indicate fraudulent behavior. This can help financial institutions reduce losses from fraud and improve customer security. AI-powered chatbots and virtual assistants can help financial institutions provide faster, more efficient customer service, particularly when it comes to answering common questions and handling routine tasks. Some financial institutions are using AI to analyze market data and make trades in real-time. AI-powered trading algorithms can potentially make faster and more accurate trading decisions than humans. In terms of speed and accuracy, AI algorithms can analyze data and make decisions much faster than humans, and can do so with a high degree of accuracy. This can be particularly useful in fast-moving financial markets, where quick and accurate decision-making can be the difference between success and failure.

This book highlights how AI in finance can improve efficiency,reduce costs, and increase the speed and accuracy of financial decision-making. Moreover, the book also focuses on how to ensure the responsible and ethical use of AI in finance.

This book is a valuable resource for students, scholars, academicians, researchers, professionals, executives, government agencies, and policymakers interested in exploring the role of artificial intelligence (AI) in finance. Its goal is to provide a comprehensive overview of the latest research and knowledge in this area, and to stimulate further inquiry and exploration.

Preface.- Introduction.- Papers: Part I: Artificial intelligence Trends in Business Development.- Part II: Artificial intelligence Trends in Finance Development.- References.

Bahaaeddin Alareeni is Assistant Professor of Accounting and Auditing.  He got his PhD in  Accounting from Vrije University Brussel in Belgium. He did his PhD's thesis in Accounting  and Auditing on `'the relative performance of auditors' going concern  opinions and statistical  failure prediction models for listed companies in Jordan''. His main research interests are in  the  areas of Corporate Governance, Educational Governance, Earnings Management, Meta- Analysis in  Accounting and Finance, Failure prediction, ESG, and Audit quality. 

He has a  practical experience in the Accounting profession for more than ten years  in different  organizations, e.g., banking, NGOs, government sector, and private institutions. Additionally,  he has  academic experience in accounting and finance for more than eight years and  taught considerable types of  students in different types of courses, mostly all courses of  undergraduate accounting and finance programs in addition to several  MSc and MBA courses.  He developed several undergraduate courses curriculums such as Principles of Accounting  I and Principles  of  Accounting II, Intermediate Accounting, Principle of Finance and  Accounting Applications  Using Excel  Program and Research Methods for Business Students.  He served as  head of  the Business and Finance  Department and Head of the Scientific  Research and Library Department in the University College of  Applied Sciences from the  period from 2015 to 2016.

More interestingly, He has more than 50 publications in highly ranked journals, books and  international conferences  proceedings (ISI-with impact factor, Scopus, ABDC, ABS) .  He is  Editor/Associate Editor for several books and Journals published by Emerald, Springer, Tylor  & Francis.  He is Editor inChief of  The International Journal of Business Ethics and  Governance (IJBEG), and Associate Editor  of the Journal of Sustainable Finance and  Investment (JSFI), Taylor & Francis. He was assigned is a guest editor of a number of special issues such as  Journal of Sustainable Finance and Investment (JSFI), Taylor & Francis, Journal of Strategic  Marketing (JSM), Taylor & Francis, International Journal of E-Business Research (IJER), IGI  publisher, and Journal of Decision Systems (JDS), Taylor & Francis. He has edited several  books published by Springer on very important and trendy topics such as  The Fourth Industrial  Revolution: Implementation of Artificial Intelligence for Growing Business Success;  Technologies and Entrepreneurship in Business Development; and Applications of Artificial  Intelligence in Business, Education and Healthcare.  He received research grants from the  Palestine Monetary Authority (PMA) in 2015. He got awards from the Bank of Jordan -Gaza  Branch (2000), and the Arabic Organization for Student support, Jerusalem (1997). He worked  as a trainer for several fields and supervised more than 15 Master students.