Financial System: AI, a potential chink in our armor
The Financial Stability Oversight Council (FSOC) has identified the use of artificial intelligence (AI) in financial services as a potential vulnerability in the financial system. The FSOC report highlights risks such as cyber and model risks, alongside potential benefits like cost reduction and improved efficiency. The report suggests ongoing monitoring of AI advancements, and enhancement … Read more Financial System: AI, a potential chink in our armor