EU Watchdog: Responsible AI Use and Its Advantages in Banking

Banks Must Take Full Responsibility When Using AI

Although we think of AI as something groundbreaking, AI’s role in the banking industry, as well as in financial services has been transformative since its inception. The implementation of AI’s banking applications and software solutions has significantly revolutionised the way companies access and manage their finances. It reduces costs, increases productivity, and aids in decision-making…

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Risk Analytics in Banking

It’s widely known that artificial intelligence (AI) and machine learning (ML) can’t run on empty. Rather, these types of tools require copious about of data in order to provide value to a business. The more data, the better, (as long as it’s good quality) which is why financial institutions such as banks have so much…

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