Revolutionizing the Financial Sector
Artificial Intelligence (AI) is quickly changing the landscape of the financial industry. The seventh report in The Future of Banking series sheds light on the significant transformations AI brings and the associated policy challenges. The report emphasizes three core areas where AI is making an impact: financial intermediation, central banking and policy, and regulatory challenges.
AI’s influence extends to the realm of data abundance and algorithmic trading. These advancements are reshaping financial markets while also affecting corporate finance, contracting, and governance. Although AI promises to enhance efficiency and inclusion, it introduces new vulnerabilities, such as inequities in access and systemic risks, which demand adaptive regulatory responses.
