The CFA Institute’s senior head of research outlines the risks surrounding AI’s reshaping of the finance industry and the efforts needed beyond regulation.

The rapid sophistication of technology and the growth of access to big data make the financial field a perfect ground for the implementation of innovative decisions based on AI.

AI implementation empowers financial institutions to make data-driven decisions, gain valuable market insights and enhance overall performance.

The opacity of AI decisions raises very profound questions. From risk assessment to customer engagement, AI plays a pivotal role in shaping the operations of financial institutions.

The ability to read, process and analyze vast amounts of historical data and news revolutionizes how AI can enhance client satisfaction and make more informed decisions in finance.

It’s a collective challenge that will shape not just the technology industry but potentially the future course of humanity.

The Bank of England has warned of the risk artificial intelligence models present in creating bias that could pose a threat to the UK’s financial services sector

The landscape for digital finance is on the precipice of dramatic transformational change that is likely to see exponential growth and change over the next decade.

Intuitive AI technology can slot into almost any business area, but many of its most powerful use cases fall squarely under the domain of the accounting team or firm.

In the dynamic world of finance, where fortunes can be made or lost with a single click, innovation is not a choice — it’s a necessity for survival.