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

Product typeBook
Published inJul 2020
Reading LevelIntermediate
PublisherPackt
ISBN-139781788830782
Edition1st Edition
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Authors (2):
Jeffrey Ng
Jeffrey Ng
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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
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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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The basic concepts of financial banking

Before we move full steam aheadinto anotherexample,we will first craft out our data, AI, and business techniques and knowledge. If you are familiar with all of these concepts, feel free to skip this section.

Financial knowledge is a good place to start to understand how our decisions in forecasting business activities impact financial decision-making in non-financial firms. Additionally, when predicting future activities using a machine learning model, we also learn how the finance industry can prepare for this future volume of business. What financing does to help with core business activities in non-financial firms is covered in the following section.

The functions of financial markets – spot and future pricing

Financial markets, such as exchanges, play the role of markets for products to be exchanged. For example, consider commodities such as natural gas—we can either buy it directly from sellers...

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Hands-On Artificial Intelligence for Banking
Published in: Jul 2020Publisher: PacktISBN-13: 9781788830782

Authors (2)

author image
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

author image
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