FSB Warns Artificial Intelligence Could Present Systemic Risks

alarm-bell-risk-warning — Financial Stability Board raises alarm over lack of interpretability of models derived from AI technology

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AI and its various subsets, including machine learning, robotics process automation and natural-language processing, have been among the most widely deployed of a number of emerging technologies that are gaining traction in the financial industry at present.

Programs that employ AI are being actively researched by nearly all major institutions—a recent report from Greenwich Associates estimated that three quarters of banks and financial services firms will be using AI in some form within their

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