Use of AI in Selected Financial Institutions: A Double-Edged Sword Effect

Title

Use of AI in Selected Financial Institutions: A Double-Edged Sword Effect

Creator

Srivastava, Ritika; Ranjan, Shruti; Tarnnum, Shekh

Description

In the contemporary era, our nation is progressing towards increased integration of advanced technologies, and these innovations are influencing various facets of our daily activities. Notably, artificial intelligence (AI) has become pervasive across all sectors and functions within organizations. Its impact is particularly evident in financial institutions where AI plays a crucial role in activities such as accounting transactions and fraud detection. The relationship between AI and the concept of a 'Double Edged Sword' is explored in this paper. The primary objective is toexamine and assess the utilization of AI in diverse financial institutions and its connection to the 'Double Edged Sword' phenomenon. Additionally, the paper delves into the pros and cons following the implementation of AI in the accounting industry, incorporating insights from selected Chartered Accountants regarding their perspectives on AI application. 2025 IEEE.

Source

2025 International Conference on Cognitive Computing in Engineering, Communications, Sciences and Biomedical Health Informatics, IC3ECSBHI 2025;pp.1007-1010

Date

01-01-2025

Publisher

Institute of Electrical and Electronics Engineers Inc.

Subject

Artificial Intelligence; CAs; Financial institutions; frauds

Coverage

Srivastava R., Noida Institute of Technology and Management, Department of Management, UP, Greater Noida, India; Ranjan S., School of Business and Management, Christ University, Bangalore, India; Tarnnum S.

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-833151852-3;

Format

online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1109/IC3ECSBHI63591.2025.10990982

https://www.scopus.com/pages/publications/105008422011?origin=resultslist