You're reading from Hands-On Artificial Intelligence for Banking

Product typeBook

Published inJul 2020

Reading LevelIntermediate

PublisherPackt

ISBN-139781788830782

Edition1st Edition

Languages

Python

Tools

TensorFlow Keras

Concepts

Artificial Intelligence

Authors (2):

Jeffrey Ng

Subhash Shah

View More author details

Understanding the banking sector

The banking sector is defined as a devoted economy for holding specific types of financial assets using methods that will make said assets grow financially over a period of time. Banking sectors are governed by rules imposed by governments or similar bodies.

Renowned author and financial consultantStephen Valdez described in his work, Introduction to Global Financial Markets (please visit https://www.macmillanihe.com/companion/Valdez-Introduction-To-Global-Financial-Markets-8th-Edition/about-this-book/), the different types of banking in the global financial markets. These are commercial banking, investment banking, securities firms, asset management, insurance, and shadow banking.

These types of banking are required to fulfill the needs of a wide variety of customers, ranging from large organizations to individual customers. The following is a description of these various types of banking based on the needs of customers:

...

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Authors (2)

Jeffrey Ng

Jeffrey Ng, CFA, works at Ping An OneConnect Bank (Hong Kong) Limited as Head of FinTech Solutions. His mandate is to advance the use of AI in banking and financial ecosystems. Prior to this, he headed up the data lab of BNP Paribas Asia Pacific, which constructed an AI and data analytics solution for business, and was the vice-chair of the French Chamber of Commerce's FinTech Committee in Hong Kong. In 2010, as one of the pioneers in applying client analytics to investment banking, he built the analytics team for the bank. He has undertaken AI projects in retail and commercial banks with PwC Consulting and GE Money. He graduated from Hong Kong Polytechnic University in computing and management and holds an MBA in finance from the Chinese University of Hong Kong.
Read more about Jeffrey Ng

Subhash Shah

Subhash Shah is an experienced solution architect. With 14 years of experience in software development, he works as an independent technical consultant now. He is an advocate of open source development and its utilization in solving critical business problems. His interests include Microservices architecture, Enterprise solutions, Machine Learning, Integrations and Databases. He is an admirer of quality code and test-driven development (TDD). His technical skills include translating business requirements into scalable architecture and designing sustainable solutions. He is a co-author of Hands-On High Performance with Spring 5, Hands-On AI for Banking and MySQL 8 Administrator's Guide. He has also been a technical reviewer for other books.
Read more about Subhash Shah

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