CLC number: TP183
On-line Access: 2024-08-27
Received: 2023-10-17
Revision Accepted: 2024-05-08
Crosschecked: 2022-08-03
Cited: 0
Clicked: 2177
Citations: Bibtex RefMan EndNote GB/T7714
Jun ZHOU, Chaochao CHEN, Longfei LI, Zhiqiang ZHANG, Xiaolin ZHENG. FinBrain 2.0: when finance meets trustworthy AI[J]. Frontiers of Information Technology & Electronic Engineering, 2022, 23(12): 1747-1764.
@article{title="FinBrain 2.0: when finance meets trustworthy AI",
author="Jun ZHOU, Chaochao CHEN, Longfei LI, Zhiqiang ZHANG, Xiaolin ZHENG",
journal="Frontiers of Information Technology & Electronic Engineering",
volume="23",
number="12",
pages="1747-1764",
year="2022",
publisher="Zhejiang University Press & Springer",
doi="10.1631/FITEE.2200039"
}
%0 Journal Article
%T FinBrain 2.0: when finance meets trustworthy AI
%A Jun ZHOU
%A Chaochao CHEN
%A Longfei LI
%A Zhiqiang ZHANG
%A Xiaolin ZHENG
%J Frontiers of Information Technology & Electronic Engineering
%V 23
%N 12
%P 1747-1764
%@ 2095-9184
%D 2022
%I Zhejiang University Press & Springer
%DOI 10.1631/FITEE.2200039
TY - JOUR
T1 - FinBrain 2.0: when finance meets trustworthy AI
A1 - Jun ZHOU
A1 - Chaochao CHEN
A1 - Longfei LI
A1 - Zhiqiang ZHANG
A1 - Xiaolin ZHENG
J0 - Frontiers of Information Technology & Electronic Engineering
VL - 23
IS - 12
SP - 1747
EP - 1764
%@ 2095-9184
Y1 - 2022
PB - Zhejiang University Press & Springer
ER -
DOI - 10.1631/FITEE.2200039
Abstract: Artificial intelligence (AI) has accelerated the advancement of financial services by identifying hidden patterns from data to improve the quality of financial decisions. However, in addition to commonly desired attributes, such as model accuracy, financial services demand trustworthy AI with properties that have not been adequately realized. These properties of trustworthy AI are interpretability, fairness and inclusiveness, robustness and security, and privacy protection. Here, we review the recent progress and limitations of applying AI to various areas of financial services, including risk management, fraud detection, wealth management, personalized services, and regulatory technology. Based on these progress and limitations, we introduce FinBrain 2.0, a research framework toward trustworthy AI. We argue that we are still a long way from having a truly trustworthy AI in financial services and call for the communities of AI and financial industry to join in this effort.
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