Book Image

Hands-On Artificial Intelligence for Banking

By : Jeffrey Ng, Subhash Shah
Book Image

Hands-On Artificial Intelligence for Banking

By: Jeffrey Ng, Subhash Shah

Overview of this book

Remodeling your outlook on banking begins with keeping up to date with the latest and most effective approaches, such as artificial intelligence (AI). Hands-On Artificial Intelligence for Banking is a practical guide that will help you advance in your career in the banking domain. The book will demonstrate AI implementation to make your banking services smoother, more cost-efficient, and accessible to clients, focusing on both the client- and server-side uses of AI. You’ll begin by understanding the importance of artificial intelligence, while also gaining insights into the recent AI revolution in the banking industry. Next, you’ll get hands-on machine learning experience, exploring how to use time series analysis and reinforcement learning to automate client procurements and banking and finance decisions. After this, you’ll progress to learning about mechanizing capital market decisions, using automated portfolio management systems and predicting the future of investment banking. In addition to this, you’ll explore concepts such as building personal wealth advisors and mass customization of client lifetime wealth. Finally, you’ll get to grips with some real-world AI considerations in the field of banking. By the end of this book, you’ll be equipped with the skills you need to navigate the finance domain by leveraging the power of AI.
Table of Contents (14 chapters)
Section 1: Quick Review of AI in the Finance Industry
Section 2: Machine Learning Algorithms and Hands-on Examples
Automated Portfolio Management Using Treynor-Black Model and ResNet

In the previous chapter, we covered the basic concepts of investment banking. We also learned about the concepts of Mergers and Acquisitions (M&A) and Initial Public Offering (IPO). We examined the clustering model, which is a modeling technique of AI. We looked at detailed steps and examples to solve the problem with auto syndication. We implemented an example that identified acquirers and targets. So, the previous two chapters were intended for the issuers on the securities side of investment banking.

In this chapter, we will look at the dynamics of investors. Investors drive investment behavior strategically. The issuance of equity or debt can be done in either of two ways—via the primary market or the secondary market. The role of the primary market is to issue new securities on behalf of companies, the government, or other groups in order...