The Role of AI in Finance: Transforming the Industry

in #finance2 years ago

Artificial intelligence (AI) has transformed the finance industry by providing powerful tools for data analysis, risk assessment, and decision-making. AI-powered algorithms can help financial institutions better assess credit risk and identify fraudulent activity, among other benefits. However, there are also concerns around the potential for AI to reinforce systemic biases and increase income inequality. As AI continues to be integrated into finance, it is important to prioritize transparency and accountability in the handling of financial data.

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