Trend analysis in the use of artificial intelligence in financial management

Abstract

The purpose of this study is to conceptualize the problems in applying artificial intelligence (AI) in various fields and spheres of activity, including financial management. On the basis of generalization and analysis of data of theoretical researches and economic reviews, the authors describe the current situation as a transition from reasoning intellect, or applied artificial intellect, to self-programmable intellect which is characteristic for the global trends, but in contrast to Russian trends. In Russia, only a fifth of financial institutions have gone beyond the simplest technologies of AI. The authors of the study summarize and critically analyze the trends in the use of AI in the banking sector, identify problems, and formulate directions for the development of these trends. The authors integrate the views of various scientists regarding the term AI and discuss the lack of a clear philosophical basis that defines the concept intelligence and its main components. The methodological basis of the study were the methods of scientific knowledge: scientific abstraction, ret-rospective analysis, methods of economic statistics, system, logical-semantic and comparative analysis. Based on the theoretical generalization of points of view on the studied problem, empirical data, and international and domestic experience, the authors conclude that it is advisable to clarify the definitions of the concept of intellect and its components on the basis of its philosophical understanding, which will contribute to the analysis and timely adjustment of developing trends, including the field of financial management.