The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Charting the Ethical Landscape: A Holistic Examination of AI Ethics and Bias in the Financial Sector
|
|
Author(s): Shanmuga Pria (University of Technology and Applied Sciences, Oman), Iman Al Rubaie (University of Technology and Applied Sciences, Oman)and B. V. V. Prasad (University of Technology and Applied Sciences, Oman)
Copyright: 2025
Pages: 20
Source title:
Data Analytics and AI for Quantitative Risk Assessment and Financial Computation
Source Author(s)/Editor(s): Mohammad Gouse Galety (Samarkand International University of Technology, Uzbekistan), Jimbo Henri Claver (Samarkand Interntional University of Technology, Uzbekistan), A. V. Sriharsha (Mohan Babu University, India), Narasimha Rao Vajjhala (University of New York Tirana, Tirana, Albania)and Arul Kumar Natarajan (Samarkand International University of Technology, Uzbekistan)
DOI: 10.4018/979-8-3693-6215-0.ch015
Purchase
|
Abstract
This chapter comprehensively examines the ethical considerations surrounding integrating artificial intelligence (AI) in the financial sector. It begins by establishing a foundational understanding of AI ethics, emphasizing integrity, fairness, and accountability. The chapter explores the challenge of bias in financial AI models, discussing sources and implications while offering strategies for mitigation. It delves into the impact of ethical AI on economic outcomes, highlighting benefits such as improved decision-making and customer satisfaction. Additionally, it provides guidance on fair AI implementation in finance, addressing regulatory compliance. The best actions for ethical AI usage in finance are outlined. In conclusion, the chapter summarizes key insights and emphasizes the ongoing need for vigilance and commitment to moral principles in the evolving landscape of financial AI.
Related Content
|
Frederic Andres.
© 2027.
14 pages.
|
|
Kalsoom Safdar, Khairul Najmy Abdul Rani, Mohd Aminudin Jamlos, Siti Julia Rosli, Muhammad Usman Younus, Zanab Safdar.
© 2027.
27 pages.
|
|
Bani Adam, Binastya Anggara Sekti, Muhammad Adi Zacky Zahran.
© 2027.
24 pages.
|
|
Swetha Margaret T. A., Renuka Devi D..
© 2027.
31 pages.
|
|
Maurice Saluschke, Michael Schulz.
© 2027.
30 pages.
|
|
Mirjam Sepesy Maučec, Gregor Donaj.
© 2027.
16 pages.
|
|
Jorge A. Ruiz-Vanoye, Ocotlan Diaz-Parra, Ricardo A. Barrera-Cámara, Alejandro Fuentes-Penna, Francisco R. Trejo-Macotela, Jaime Aguilar-Ortiz, Eric Simancas-Acevedo.
© 2027.
21 pages.
|
|
|