Generative AI in Finance and Law: Innovation, Regulation, and Technological Developments (Contributions to Finance and Accounting)

This edited book discusses the transformative impact of artificial intelligence on financial innovation. As new entrants flood various financial sectors with investments, they are reshaping the banking landscape and fostering a vibrant digital ecosystem.

The evolution of finance, driven by artificial intelligence, offers a critical opportunity to balance financial stability, investor and consumer protection, and the promotion of innovation. In this dynamic environment, large international firms built on advanced digital telecommunications coexist with agile fintech startups. These innovative companies challenge traditional banking models, leveraging technology in ways that disrupt established institutions. While these shifts present exciting opportunities, they also carry significant risks.

As we navigate this new era, it is crucial to assess, manage, and control risk-taking and the rise of fintechs. Without proper oversight, the very innovation that propels progress could lead to financial crises. Therefore, establishing robust prudential policies and regulatory frameworks is essential to safeguard financial stability.

To thrive in this evolving landscape, financial professionals and accountants must embrace new technologies and stay attuned to their clients' changing needs. Although online tools and technologies are taking over more accounting functions, the expertise and ethical commitment of accountants remain irreplaceable. Guided by a professional order and a strong code of ethics, they possess the credibility needed to support managers effectively.

In a rapidly changing business environment where digital technology permeates every aspect of operations, accountants are not just number crunchers; they are strategic partners, equipped to guide organizations towards success in this fast-paced digital age.

Dr. Nadia Mansour is a post-doctor in sustainable finance at the University of Salamanca, Spain . She is an assistant and a visiting researcher  at the University of Salamanca- Spain. Dr. Nadia is an expert in sustainable finance at UNDP. She is a trainer at CREACT4MED, a trainer of trainers with USAID Job and Erasmus. Her research interests focus on Finance, sustainable development, and Innovation. She is an academic member and ambassador of the Communication Institute of Greece, a conference chairperson, a committee member of indexed conferences, an Editorial Board Member of IGI GLOBAL, Taylor & Francis, and Springer, a reviewer in IGI Global, Emerald, and Wiley. She has presented various scientific papers at international (France, Morocco, USA, Turkey) and national conferences. She is also a keynote speaker and session chair at several conferences in Turkey, India, UAE, and Spain. She has several published articles in ranked journals and chapters (IGI Global, Emerald, Springer, Palgrave Macmillan) and edited books (Taylor & Francis, Springer, IGI Global, Emerald).

Lorenzo M. Bujosa Vadell is professor of procedural law at the University of Salamanca (Spain). He is a former president of the Ibero-American Institute of Procedural Law, and member of the International Association of Procedural Law and the International Association of Criminal Law. He is the coordinator of the PhD program "Administration, Justice and Finance in the Social State" at the University of Salamanca. He has enjoyed research stays at the Universities of Kansas (USA), Florence (Italy), and Trier (Germany).