Research | Generative artificial intelligence in finance: Risk considerations
Generative artificial intelligence in finance: Risk considerations

Generative artificial intelligence in finance: Risk considerations

22 August 2023

Generative AI is a subset of AI/ML that creates new content. It offers enhancements to efficiency and customer experience, as well as advantages to risk management and compliance reporting. However, the deployment of GenAI in the financial sector requires the industry to recognise and mitigate the technology’s risks comprehensively; financial institutions must strengthen their cybersecurity and regulatory oversight capacities.

 

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