Abstract
The chapter delves into the critical nexus of artificial intelligence (AI) and global security systems in the context of financial anomalies mitigation. It examines the escalating prevalence and sophistication of financial anomalies, underscoring the imperative for innovative and robust countermeasures. The chapter introduces the dimension of financial anomalies, exordium in the framework as a novel paradigm integrating advanced technologies with strategic methodologies to enhance fraud prevention and detection. The core of the chapter explores operationalisation of AI, encompassing machine learning (ML), neural networks and natural language processing (NLP), in the domain of fraud mitigation, critically examining the benefits and limitations of AI- driven systems, emphasizing the significance of data quality, algorithmic bias, and system transparency. Moreover, the chapter delves into the practical implementation of the exordium framework, emphasizing the importance of continuous monitoring, evaluation and adaptation.
| Original language | English |
|---|---|
| Title of host publication | Economic and Political Consequences of AI |
| Subtitle of host publication | Managing Creative Destruction |
| Publisher | IGI Global |
| Pages | 161-182 |
| Number of pages | 22 |
| ISBN (Electronic) | 9798369370384 |
| ISBN (Print) | 9798369370360 |
| DOIs | |
| Publication status | Published - 01-01-2025 |
All Science Journal Classification (ASJC) codes
- General Economics,Econometrics and Finance
- General Business,Management and Accounting
- General Computer Science
- General Social Sciences
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