FRANKFURT - The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank said on Wednesday.
The ECB saw a number of opportunities from the use of generative AI by banks and other financial institutions, such as superior processing of information, more efficient customer service and even a greater ability to spot cyberthreats.
- Reuters
Created by Tan KW | May 29, 2024
Created by Tan KW | May 29, 2024
Created by Tan KW | May 29, 2024
Created by Tan KW | May 29, 2024
Created by Tan KW | May 29, 2024
Created by Tan KW | May 29, 2024