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Welcome to our video exploring the current status of AI regulation in the financial sector. The financial industry is undergoing a transformation with the integration of artificial intelligence (AI). AI promises to unlock the immense value of data, democratize financial services, and meet rising customer expectations. However, the journey to AI adoption is fraught with challenges, including regulatory changes, data privacy concerns, and potential biases. In this video, we'll delve into both the opportunities and risks of AI in finance, the importance of robust governance frameworks, and how early adoption with strong regulation can give businesses a competitive edge.
Chapters:
00:00 - Introduction
00:01 - Current Status of AI in Finance
00:35 - Challenges of AI Adoption
01:10 - AI Applications in Banking
01:45 - Risks and Governance
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