The impact of machine learning on UK financial services

Field	Value	Language
dc.contributor.author	Buchanan, Bonnie G	en_AU
dc.contributor.author	Wright, Danika	en_AU
dc.date.accessioned	2021-10-19T02:28:17Z
dc.date.available	2021-10-19T02:28:17Z
dc.date.issued	2021
dc.identifier.uri	https://hdl.handle.net/2123/26551
dc.description.abstract	Abstract Machine learning is an increasingly key influence on the financial services industry. In this paper, we review the roles and impact of machine learning (ML) and artificial intelligence (AI) on the UK financial services industry. We survey the current AI/ML landscape in the UK. ML has had a considerable impact in the areas of fraud and compliance, credit scoring, financial distress prediction, robo-advising and algorithmic trading. We examine these applications using UK examples. We also review the importance of regulation and governance in ML applications to financial services. Finally, we assess the performance of ML during the Covid-19 pandemic and conclude with directions for future research.	en_AU
dc.language.iso	en	en_AU
dc.subject	COVID-19	en_AU
dc.subject	Coronavirus	en_AU
dc.title	The impact of machine learning on UK financial services	en_AU
dc.type	Article	en_AU
dc.identifier.doi	10.1093/oxrep/grab016

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