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Analysis Study Research Paper | Financial Engineering | India | Volume 13 Issue 3, March 2024 | Rating: 2.6 / 10
AI in Treasury Management: Enhancing Bank's Treasury System for Budget Execution in the Medium Term
Abstract: Artificial intelligence (AI), which has become more famous in demand in the global financial as well as other industries, has influenced human life's many aspects. In the context of technology adoption of Treasury Systems of Banks (TSB), various studies have been conducted by researchers. But, for budget executions, a small amount of studies have been conducted on the impact of AI in the TSB. Hence, this research investigated the AI functional model impacts on the banks' TS for budget execution in the medium term to fill this study gap. By using a convenience sampling technique, data has been gathered from 349 respondents in metro cities in India. As per the outcome, "AI Awareness", "AI Ethical principles", "Deep Learning (DL)", "Machine Learning (ML)", and "robotics" had a positive and significant association with banks' TSs for budget execution in the medium term. Moreover, as per the hypothesis testing, hypothesis 2 had significantly gained the highest relationship between the functional model of AI and the TSB.
Keywords: Treasury management system, Budget execution, Artificial intelligence, Medium term, Banking sector
Edition: Volume 13 Issue 3, March 2024,
Pages: 1906 - 1912