Risk Management Show
AI in Finance: Revolution or Risk?
Mar 8, 2024
Glenn Hopper, finance and technology expert, discusses AI's impact on risk management. Topics include AI revolutionizing traditional finance, AI integration in institutions, ethical considerations, and the future of automated financial management. Glenn's insights offer invaluable perspectives on harnessing AI for enhanced decision-making in risk management.
33:41
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Quick takeaways
- AI revolutionizes traditional finance strategies by enhancing decision-making and efficiency through machine learning and generative AI tools.
- Integration of AI in financial institutions requires understanding technical complexities, prioritizing explainable AI for transparency, and ensuring data quality for effective decision-making.
Deep dives
Evolution of Finance through Technology
The podcast discusses how technology, especially AI, has transformed corporate finance over the past two decades. With the evolution of machine learning and generative AI, functions like credit approvals, fraud detection, and forecasting have become more efficient. The integration of AI tools, such as generative AI and machine learning, has enabled companies to enhance their decision-making processes and streamline their financial operations.
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