Generative AI in Banking and Financial Services – Opportunities, Challenges, and Approach
Generative artificial intelligence (AI) will change the way that we live and work. While the banking and financial services (BFS) industry has historically been a laggard in the technology adoption life cycle, generative AI seems poised to push BFS towards early adoption – which, in turn, will necessitate BFS professionals to become familiar with generative AI vis-à-vis their individual functions. In this panel, David Gormley and Ben Spohn will demythologize generative AI (what the heck is this “generative AI” thing, anyway?), describe and analyze several real-time industry trends, and prognosticate as to the future of generative AI in the BFS industry. In so doing, the panelists will discuss various opportunities and challenges such use cases present, including legal, regulatory, and enterprise risk considerations.