Thursday, July 18, 2024
Home > News > Bitcoin News > AI Technology Brings Benefits, Risks to the Banking Industry: Bank of America

AI Technology Brings Benefits, Risks to the Banking Industry: Bank of America

The industry is highly regulated and has access to a large amount of sensitive data, which means that banks and supervisors will have to be “comfortable about the risks that accompany the institutionalization of AI,” the report said, noting that dialogue between the industry and regulators is ongoing.

Source