Why Banks Need a Chief AI Officer - With Ian Wilson
AI in Financial Services Podcast
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Phases of AI Adoption in Banking and Focus on Risk Reduction
This chapter explores the current phase of AI adoption in banking, which is focused on risk reduction. They highlight various AI use cases in banking aimed at reducing risk, such as fraud detection and cybersecurity, and discuss the industry's attention and funding towards AI solutions for risk management. They also give a sneak peek of the next episode featuring an interview with Visa's head of data products, who will discuss AI adoption using an analogy involving Italian food.
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