Financial Services: AI on Autopilot

Artificial intelligence (AI) is transforming many sectors, including financial services. Beyond enhancing processes, AI is being implemented in various areas such as high-frequency trading, credit analysis, automated advisory services, wealth management, insurance, anti-money laundering and fraud detection, risk management, and customer service through chatbots and virtual assistants. Given the growing interest in AI for financial services, it is essential to recognize potential pitfalls and ensure responsible use.