The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0

In the rapidly evolving financial landscape, the integration of artificial intelligence (AI) and machine learning (ML) has brought about unprecedented challenges for the banking and finance industry. As the era of Industry 5.0 unfolds, financial institutions face intricate decisions regarding investments, macroeconomic analysis, and credit evaluation, demanding advanced technologies to navigate this complexity. Moreover, the ever-growing volume of financial transactions requires efficient data processing and analysis. Amidst these pressing issues, scholars, academicians, and industry practitioners seek comprehensive insights into the role of AI and ML in bolstering resilience, ensuring sustainable development, and adopting human-centric approaches within the financial sector. The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0, edited by esteemed researchers Mohammad Irfan, Mohammed Elmogy, M. Shabri Abd. Majid, and Shaker El-Sappagh, serves as a compelling solution to the challenges presented by the integration of AI and ML into the banking and finance industry. This book offers an in-depth exploration of the functions and applications of AI and ML algorithms in the financial domain, with a focus on the principles of Industry 5.0: resilience, human centricity, and sustainable development. Through a collection of innovative research papers, this book unveils the remarkable potential of AI/ML technologies in revolutionizing the financial services industry. Addressing a diverse audience, including researchers, academicians, industrialists, investors, and regulatory bodies, this book invites contributions from practitioners and scholars. By delving into essential topics such as financial monitoring, algorithmic trading, secure transactions, customer data management, and sustainable development, it fosters ongoing discussions on ML algorithms' efficacy in processing vast amounts of data within the intricate banking and financial environment. As the financial landscape charts a course into Industry 5.0, The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0 emerges as an indispensable resource, propelling advancements that will shape the future of finance.