Preface xxi
Part I: Foundations and Applications of AI in Finance 1
1 Artificial Intelligence Application and Research in Accounting, Finance, Economics, Business, and Management 3
Peterson K. Ozili
2 Automating Data Entry in the Indian Banking Industry Through Generative 5
AI Srividya Prathiba, Rahul Pandey, Yashwant Patel and Manjinder Singh
3 Future Approach Generative AI, Stylized Architecture, and its Potential in Finance 33
Abhinna Baxi Bhatnagar, Abhaya Nanad, Anshul Kumar and Rakesh Kumar
4 Generative Artificial Intelligence (GAI) for Accurate Financial Forecasting 57
Tajinder Kumar, Sachin Lalar, Vishal Garg, Pooja Sharma and Ravi Dutt Mishra
5 The Far-Reaching Impacts of Emerging Technologies in Accounting and Finance 77
Sudhansu Sekhar Nanda
Part II: Generative AI in Risk Management and Fraud Detection 99
6 Deep Diving into Financial Frauds via Ad Click, Credit Card Management and Document Dispensation in E-Commerce Transactions 101
Bhupinder Singh, Pushan Kumar Dutta and Christian Kaunert
7 Generative AI: A Transformative Tool for Mitigating Risks for Financial Frauds 125
Rahul Joshi, Krishna Pandey and Suman Kumari
8 Innovation Unleashed Charting a New Course in Risk Evaluation with Generative AI 149
Shabeena Shah W., Khadeeja Bilquees A. and M. Jamal Mohamed Zubair
9 The Significance of Generative AI in Enhancing Fraud Detection and Prevention Within the Banking Industry 159
Roshni Rawal, Priya Sachdeva and Aabha S. Singhvi
10 Role of Generative AI for Fraud Detection and Prevention 175
Prasanna Kulkarni, Pankaj Pathak, Samaya Pillai and Vishal Tigga
Part III: Ethical, Legal, and Regulatory Considerations 199
11 Ethical and Regulatory Compliance Challenges of Generative 201
AI in Human Resources Leena Singh, Ankur Randhelia, Ashish Jain and Akash Kumar Choudhary
12 Navigating the Frontier of Finance: A Scoping Review of Generative AI Applications and Implications 215
Ahmad Haidar and Ahmad Abbass
13 Ensuring Compliance and Ethical Standards with Generative AI in Fintech: A Multi-Dimensional Approach 253
Vishal Jain and Archan Mitra
14 Privacy Laws and Leak of Financial Data in the Era of Generative AI 265
Nitish Kumar Ojha and Sanjeev Thakur
15 Ethics and Laws: Governing Generative AI's Role in Financial Systems 283
Prakriti Dixit Porwal
Part IV: Industry-Specific Applications and Innovations 299
16 Generative AI Tools for Product Design and Engineering 301
Manoj Singh Adhikari, Yogesh Kumar Verma, Manoj Sindhwani and Shippu Sachdeva
17 AI-Driven Generative Design Redefines the Engineering Process 327
Harpreet Kaur Channi, Amritjot Kaur and Surinder Kaur
18 Insurance Disruption: Analytics on Blockchain Transforming Indian Insurance Industry 361
Swati Gupta and Ruchika Rastogi
19 Application of Explainable Artificial Intelligence in Fintech 383
Raunak Kumar, Priya Gupta and Bhawna
20 Empowering Financial Efficiency in India: Harnessing Artificial Intelligence (AI) for Streamlining Accounting and Finance 407
Bhawna and Priya Gupta
21 Framework and Interface: The Backbone of AI Systems in Banking in India 429
Priya Sachdeva, Priti Goswami, Sumona Bhattacharya and Mohd. Ashfaq Siddiqui
22 Harnessing Generative AI for Engineering and Product Design: Conceptualization, Techniques, Advancements and Challenges 443
Sakshi, Chetan Sharma, Gunjan Verma and Nisha Chanana
References 463
Index 467