Self-Governing AI Agents in Digital Banking

Authors

  • Niklas Andersson Author

Keywords:

Digital Banking, Banking Automation, AI Agents, Workflow Automation, Risk Management, Identity Verification, Fraud Detection, Fraud Extraction, NLP, RPA, Cybersecurity, Cyber Intelligence, Data Management, Breach Monitoring, Blockchain, Predictive Analytics, Transaction Processing, Customer Onboarding, Digital Identity, Banking Infrastructure.

Abstract

Digital banking is fundamentally reliant on the Digital Automation of Banking Operations Workflows (DABOW). DABOW are governed by internal banking risk management policies, but they factor neither genetic tendencies, impersonation attempts nor socio-economic conditions through the resources traditionally provided by external actors. Expansion into end-to-end Digital Banking Workflow Automation (DBWA) allows the introduction of autonomous AI agents controlling DABOW and monitors by weaving external AI resources and Reasoning Services into the Banking Automated Notification Infrastructure for Handling External Requests (BANIHHER) framework, ensuring natural language processing and robotic process automation ease. Conformity to global practices of Digital Banking extends the Banking Automated Notification Infrastructure for Handling External Requests – Transaction Processing (BANIHHER-TP) design to encompass Customer Onboarding and Identity Verification (CO-IV) for secure user profile creation, Transaction Processing and Fraud Detection (TP-FD) for trusted transaction processing and Fraud Extraction (FE), all enabling service level performance.

Incorporating cyber intelligence services and infrastructure augments DBWA with Cognitive Data Management and Breach Prevention Monitoring to enhance response efficiency. The depth of technology reliance and tautology practiced by modern banking strengthens its appeal as a target for manipulation through model integration. Deployments as Division Chief Officers of Cyber Manipulation Networks, targeting the shaping of fake news using psy-ops, cooperate and coordinate the First Blockchain Design Acceptance, System Analysis Synchronization Simulation, and Predictive Analysis of Blockchain Networking Synchronization and Displacement Detection in Lab Design as visible. Pathology Closure Network status and Controls Enactment Network operational control reinforce adoption.

References

1. Atwal, G., & Bryson, D. (2021). Antecedents of intention to adopt artificial intelligence services by consumers in personal financial investing. Strategic Change, 30(3), 293–298.

2. Seiler, V., & Fanenbruck, K. M. (2021). Acceptance of digital investment solutions: The case of robo advisory in Germany. Research in International Business and Finance, 58, 101490.

3. Kalyani, S., & Gupta, N. (2023). Is artificial intelligence and machine learning changing the ways of banking: A systematic literature review and meta analysis. Discover Artificial Intelligence, 3, 41.

4. Mangalampalli, B. M. Generative AI Applications In Healthcare Data Mart Design And Optimization.

5. Weber, P., Carl, K. V., & Hinz, O. (2023). Applications of explainable artificial intelligence in finance—A systematic review of finance, information systems, and computer science literature. Management Review Quarterly, 74, 867–907.

6. Schick, T., Dwivedi-Yu, J., Dessì, R., Raileanu, R., Lomeli, M., Hambro, E., Zettlemoyer, L., Cancedda, N., & Scialom, T. (2023). Toolformer: Language models can teach themselves to use tools. Advances in Neural Information Processing Systems, 36.

7. Yao, S., Zhao, J., Yu, D., Du, N., Shafran, I., Narasimhan, K., & Cao, Y. (2023). ReAct: Synergizing reasoning and acting in language models. International Conference on Learning Representations.

8. Kolla, S. H. (2022). Strategic Information Integration Models for Cross-Functional Service Optimization in Large-Scale Enterprises. International Journal of Emerging Trends in Engineering and Management Research, 7(3), 11811.

9. Wu, Q., Bansal, G., Zhang, J., Wu, Y., Li, B., Zhu, E., Jiang, L., Zhang, X., Liu, S., Awadallah, A. H., White, R. W., Burger, D., & Wang, C. (2023). AutoGen: Enabling next-gen LLM applications via multi-agent conversation. arXiv preprint arXiv:2308.08155.

10. Park, J. S., O'Brien, J. C., Cai, C. J., Morris, M. R., Liang, P., & Bernstein, M. S. (2023). Generative agents: Interactive simulacra of human behavior. Proceedings of the 36th Annual ACM Symposium on User Interface Software and Technology, 1–22.

11. Shinn, N., Cassano, F., Gopinath, A., Narasimhan, K., & Yao, S. (2023). Reflexion: Language agents with verbal reinforcement learning. Advances in Neural Information Processing Systems, 36.

12. Amistapuram, K. (2023). Privacy-Preserving Machine Learning Models for Sensitive Customer Data in Insurance Systems. Educational Administration: Theory and Practice, 29(4), 5950-5958.

13. Li, Y., Wang, S., Ding, H., & Chen, H. (2023). Large language models in finance: A survey. Proceedings of the Fourth ACM International Conference on AI in Finance, 374–382.

14. Wu, S., Irsoy, O., Lu, S., Dabravolski, V., Dredze, M., Gehrmann, S., Kambadur, P., Rosenberg, D., & Mann, G. (2023). BloombergGPT: A large language model for finance. arXiv preprint arXiv:2303.17564.

15. Malibari, N., Katib, I., & Mehmood, R. (2023). Systematic review on reinforcement learning in the field of FinTech. arXiv preprint arXiv:2305.07466.

16. Lakkaraju, K., Vuruma, S. K. R., Pallagani, V., Muppasani, B., & Srivastava, B. (2023). Can LLMs be good financial advisors? An initial study in personal decision making for optimized outcomes. arXiv preprint arXiv:2307.07422.

17. Gai, K., Qiu, M., & Sun, X. (2020). A survey on FinTech. Journal of Network and Computer Applications, 187, 103173.

18. Yandamuri, U. S. (2023). An Intelligent Analytics Framework Combining Big Data and Machine Learning for Business Forecasting. Zenodo.

19. Ozili, P. K. (2020). Financial inclusion and FinTech during COVID-19 crisis: Policy solutions. SSRN Electronic Journal.

20. Frost, J. (2020). The economic forces driving FinTech adoption across countries. BIS Working Papers, 838.

21. Boot, A., Hoffmann, P., Laeven, L., & Ratnovski, L. (2021). FinTech: What’s old, what’s new? Journal of Financial Intermediation, 48, 100945.

22. Goldstein, I., Jiang, W., & Karolyi, G. A. (2021). To FinTech and beyond. The Review of Financial Studies, 34(5), 1647–1669.

23. Inala, R. Designing Scalable Technology Architectures for Customer Data in Group Insurance and Investment Platforms.

24. Thakor, A. V. (2020). FinTech and banking: What do we know? Journal of Financial Intermediation, 41, 100833.

25. Fuster, A., Goldsmith-Pinkham, P., Ramadorai, T., & Walther, A. (2022). Predictably unequal? The effects of machine learning on credit markets. The Journal of Finance, 77(1), 5–47.

26. Bussmann, N., Giudici, P., Marinelli, D., & Papenbrock, J. (2021). Explainable machine learning in credit risk management. Computational Economics, 57, 203–216.

27. Arner, D. W., Barberis, J., & Buckley, R. P. (2020). The evolution of FinTech: A new post-crisis paradigm? Georgetown Journal of International Law, 47(4), 1271–1319.

28. Weber, M., Domeniconi, G., Chen, J., Weidele, D. K. I., Bellei, C., Robinson, T., & Nalisnick, E. (2020). Anti-money laundering in Bitcoin: Experimenting with graph convolutional networks for financial forensics. arXiv preprint arXiv:1908.02591.

29. KollIntegration. South Eastern European Journal of Public Health, 248–260.

30. Hildebrandt, T., Sawaya, G., & Kearney, C. (2022). Artificial intelligence and machine learning in banking: Opportunities and risks. Journal of Financial Transformation, 55, 77–89.

31. Tam, K., & Jones, K. (2021). Machine learning and artificial intelligence in financial services: Applications, risks, and governance. Journal of Financial Regulation and Compliance, 29(4), 421–438.

32. Choudhury, A., & Bhowmik, R. (2022). Artificial intelligence in banking: Applications, challenges, and future directions. International Journal of Financial Engineering, 9(3), 2250021.

33. Jagtiani, J., & Lemieux, C. (2021). The roles of alternative data and machine learning in fintech lending: Evidence from the LendingClub consumer platform. Financial Management, 50(4), 1007–1036.

34. Bracke, P., Datta, A., Jung, C., & Sen, S. (2020). Machine learning explainability in finance: An application to peer-to-peer lending. Staff Working Paper, Bank of England, 816.

35. a, S. K., & Reddy, V. A. R. (2023). Deep Learning Architectures For Multimodal Medical Data

36. Kalyani, S., & Gupta, N. (2022). Artificial intelligence and machine learning applications in banking: A systematic review of emerging research. International Journal of Management and Economics, 58(4), 345–362.

37. Oliveira, T., Thomas, M., Baptista, G., & Campos, F. (2021). Mobile payment: Understanding the determinants of customer adoption and intention to recommend the technology. Computers in Human Behavior, 61, 404–414.

Additional Files

Published

2023-12-06

How to Cite

Self-Governing AI Agents in Digital Banking. (2023). Journal of Innovative Academic Research (JIAR) | International Peer-Reviewed Open Access Journal, 1(01). https://jiarjournal.org/index.php/jiar/article/view/14