Effect of Artificial Intelligence (AI) on Financial Decision-Making: Mediating Role of Financial Technologies (Fin-Tech)

摘要

The main objective of the current study is to shed light on the mediating effect of financial technology (Fin-Tech) on the relationship between artificial intelligence (encompassing natural language processing (NLP), machine learning algorithms, computer vision, predictive analytics, robotic process automation (RPA), blockchain technology, and deep learning) and financial decision-making from the perspective of financial managers within Jordan's commercial banking sector. Realizing this objective required the use of quantitative methodology. A questionnaire was self-administered by 86 financial managers in the Jordanian banking sector. Primary data was analyzed using AMOS. Results of analysis confirmed that FinTech plays a significant mediating role between AI applications and financial decision-making. Machine learning was identified as the most impactful AI technique, facilitating more informed decisions through advanced data analysis and pattern recognition beyond the scope of traditional analysis methods. The novelty of current research is in the fact that it offers valuable insights into the intersection of AI and Fin-Tech within the Jordanian financial sector. It contributes to the understanding of how advanced AI techniques can enhance financial decision-making, emphasizing the importance of multidisciplinary expertise in the development of AI-driven financial systems. The findings have significant implications for both theoretical understanding and practical application in the finance industry. Doi: 10.28991/HIJ-2024-05-03-015 Full Text: PDF