Sat, Dec 21 2024

Exploring Ethical AI in Financial Services: Key Insights and Challenges

December 20, 2024
1 Min Read

Being able to utilize the potential of artificial intelligence (AI) is essential in a time when its capability is expanding at an exponential rate. However, comprehending the ethical realm around artificial intelligence is also important.

AI

To learn more about the difficulties in managing AI in financial services, FinTech Global recently met with Andrew Parsons and Nathan Marlor of Version 1, a digital transformation company.

 

Version 1, which was established in 1996, is a pioneer in digital transformation, forming strategic alliances with international organizations to change and embrace technology and promote innovation in an ethical manner.

 

Among the important subjects discussed in this interview are:

 

  • Why financial services ethics are such a big deal
  • How businesses may develop and apply moral AI solutions
  • How can FIs maintain their ethical standards by proactively identifying and addressing instances of bias?
  • Which ethical AI initiatives from around the world are the most successful?

Leave a Comment
logo-img Fintech Newz

All Rights Reserved © 2024 Fintech Newz