Artificial Intelligence in Financial Services

The World Economic Forum’s AI Transformation of Industries initiative seeks to catalyse responsible industry transformation

Artificial Intelligence is transforming financial services, offering efficiency and revenue growth opportunities, posing significant risks and challenges - World Economic Forum.

There are four main pillars:

🔰 Organisational: ways of working and facilitating human-machine collaboration.

🔰 Operational: setting up governance and systems to enable AI to flourish.

🔰 Technical: ensure systems and platforms are trustworthy and explainable by design.

🔰 Reputational: articulating the firm’s AI mission and ensuring this is anchored to its values, ethical guardrails and accountability structure.

Author

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