Big data, artificial intelligence, and machine learning: a transformative symbiosis in favour of financial technology

Nguyen, D. K., Sermpinis, G. and Stasinakis, C. (2022) Big data, artificial intelligence, and machine learning: a transformative symbiosis in favour of financial technology. European Financial Management, (doi: 10.1111/eufm.12365) (Early Online Publication)

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Abstract

This paper uses a multidimensional descriptive analysis to familiarize the reader with the extent of penetration of big data, artificial intelligence (AI), and machine learning (ML) techniques in the financial technology roadmap. We propose a clear framework for the symbiotic nature of these data science themes towards fintech empowerment. The framework is validated through their impact in fintech, financial services’ profession and the shifting paradigm of the data scientist role. We also discuss the dark side of this symbiosis, while AI and ML techniques are tied with the future challenges of AI ethics, regulation technology and the smart data utilization.

Item Type:Articles
Status:Early Online Publication
Refereed:Yes
Glasgow Author(s) Enlighten ID:Stasinakis, Dr Charalampos and Sermpinis, Professor Georgios
Authors: Nguyen, D. K., Sermpinis, G., and Stasinakis, C.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:European Financial Management
Publisher:Wiley
ISSN:1354-7798
ISSN (Online):1468-036X
Published Online:13 April 2022
Copyright Holders:Copyright © 2022 John Wiley and Sons Ltd
First Published:First published in European Financial Management 2022
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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