The Dangers of Expanding Gen AI in Finance

The Evolving Role of Generative AI in Finance

Generative artificial intelligence (AI) is rapidly advancing and reshaping industries, including the finance sector. From predictive algorithms to personalized recommendations, generative AI is transforming how individuals and businesses interact with information. According to the latest “Generative AI Tracker®” by PYMNTS Intelligence and AI-ID, traditional banks are adopting AI for risk management, while upstarts are leveraging AI to innovate marketing and customer service. The potential of generative AI in finance is vast, with applications ranging from personalized customer services to anti-money laundering programs.