Fintech
2024 FinTech AI in Financial Services
As of late 2022, the rapid emergence of generative artificial intelligence (AI)-based systems has sent shockwaves across the globe. The potential benefits that the use of this technology could bring to businesses across various industries have begun to capture the attention of C-suite members at major global companies who have slowly but surely moved AI to the top of their agenda. Even the financial services industry, which has increasingly experimented with the use of automated systems to deliver various financial services for the better part of the last decade, has not been immune to this new hype.
But what are some of the key use cases for implementing AI in the financial services industry, what benefits can the use of this technology bring to financial institutions, and what are some of the key regulatory considerations that need to be taken into account in this process?
Find out in this episode of our podcast series, where Dr. Verena Ritter-Döring (Partner, Frankfurt) discusses with Fritz Ulli Pieper (Salary Partner, Düsseldorf) and Bachelor’s degree in law (Senior Associate, Frankfurt) this topic in more detail. Happy reading!