Citation :

Anusha Medavaka, 2024. "AWS AI from Financial Services Transforming Risk Management and Investment Strategies" ESP International Journal of Advancements in Computational Technology (ESP-IJACT) Volume 2, Issue 3: 116-130.

Abstract :

AI has developed at a very fast pace and has impacted different sectors, including the financial services sector. AI in AWS has been seen as a revolutionary approach in the field of risk modelling and investment planning, giving heretofore inaccessible information and prognosis. The paper also aims to find out how AWS AI can be implemented in financial services, especially in risk management and investments. AWS AI gives an opportunity to improve decision-making processes, portfolio, and risk management in financial institutions by making use of big data analytics, machine learning algorithms, and cloud computing. The abstract then identifies some of the primary concepts of AWS AI, like the Amazon Sage Maker, AWS Lambda, and Amazon Redshift and how they are applied in a given financial modeling, fraud detection and market analysis. Furthermore, the paper revolves around case studies that have been adopted to explain how AWS AI has been useful in financial institutions, as well as the strengths, weaknesses, and trends as we speak in the increasing subfield of AI. The abstract ends with the call to implement AI- based solutions to sustain competitiveness in the rapidly changing financial environment.

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Keywords :

AWS AI, Financial Services, Risk Management, Investment Strategies, Machine Learning, Fraud Detection.