Citation:

Akash Vijayrao Chaudhari, 2025. "Reimagining Finance with Artificial Intelligence: Smart Technologies Reshaping the Digital Economy", ESP Journal of Engineering & Technology Advancements  5(2): 49-63.

Abstract:

Artificial Intelligence (AI) and smart technologies are increasingly integral to the digital financial ecosystem, transforming how financial services operate and innovate. This paper provides a comprehensive overview of how AI is reshaping finance, highlighting key applications in fraud analytics, banking operations, investment intelligence, financial process automation, decentralized finance (DeFi), and inclusive financial services. We review current literature and industry trends, noting that AI adoption in finance has accelerated dramatically – for instance, over 75% of large banks are projected to have fully integrated AI strategies by 2025allaboutai.com. Through an analysis of use cases, we discuss AI-driven advancements such as real-time fraud detection, algorithmic trading and robo-advisory systems, automated credit scoring for the unbanked, and AI-managed decentralized financial platforms. The paper also presents custom figures and tables illustrating these developments, and discusses the implications of AI-driven financial innovation, including efficiency gains, improved risk management, and challenges around fairness, transparency, and regulation. We conclude with a forward-looking perspective on AI’s role in shaping a more intelligent, inclusive, and autonomous digital economy.

References:

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Keywords:

Artificial Intelligence, Finance Transformation, Smart Technologies, Digital Economy, Automation, Machine Learning, Data Analytics, Fintech Innovation, Blockchain, AI-Driven Decision Making, Predictive Analytics, Financial Services, Personalized Finance, RegTech, Risk Management, Algorithmic Trading, Customer Experience, Fraud Detection, Digital Payments, Wealth Management, Financial Inclusion, AI Regulation.