Episode 323: How does the US Treasury feel about AI in financial services?

This episode examines a report from the U.S. Department of the Treasury titled “Artificial Intelligence in Financial Services.” The report highlights uses, opportunities, and risks of AI in the financial services sector. Some of the potential risks highlighted include data privacy, security, quality standards, bias, explainability, hallucinations, impact on consumers, concentration-related risks, third-party risks, and illicit finance risks. The report also provides recommendations on how the financial services industry should proceed with AI in the future. A link to the report is included below.   

Link: Artificial-Intelligence-in-Financial-Services.pdf