ANALYSIS OF THE BENEFITS AND RISKS OF INTEGRATING ARTIFICIAL INTELLIGENCE TECHNOLOGIES IN THE FINANCIAL SECTOR: A DUAL PERSPECTIVE

Mitu Melena ()
Additional contact information
Mitu Melena: Alexandru Ioan Cuza University of Iasi, Romania

Jean Monnet Chair EU Public Administration Integration and Resilience Studies, 2024, vol. December 2024, 59-72

Abstract: Over time, Artificial Intelligence (AI) has evolved from abstract theories into practical solutions, fundamentally transforming how data is managed and used in financial institutions, as well as the services offered to their customers. In this paper, I will highlight the impact of AI-based technologies, focusing on evaluating the necessity of their use in financial institutions and analyzing customers' preferences for new products and services. As such, I have conducted a detailed analysis of the benefits and risks associated with AI technologies in the financial sector, considering the perspectives of both financial institutions and their customers. As future research directions, we plan to examine the influence of the widespread implementation of AI technologies on job availability.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eu-pair.uaic.ro/wp-content/uploads/2025/02/59-72.-Mitu_M.pdf (application/pdf)
https://eu-pair.uaic.ro/december-2024/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aic:ejpair:y:2024:v:12:p:59-72

Access Statistics for this article

More articles in Jean Monnet Chair EU Public Administration Integration and Resilience Studies from Alexandru Ioan Cuza University, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Sireteanu Napoleon-Alexandru ().