Ghiath Shabsigh and El Bachir Boukherouaa
Generative Artificial Intelligence in Finance
Risk Considerations
IMF, 2023
¿De qué se trata?
Generative AI holds much promise for financial services, but it also poses meaningful risks.
Recommendation
Generative AI may improve business decisions, and its application, if properly monitored, can make the components of finance – analysis, research, risk assessment – run more efficiently and effectively. But then again, as IMF professionals Ghiath Shabsigh and El Bachir Boukherouaa explain in this informative report, it may not. Systems can misuse data, producing biases and driving erroneous conclusions that could undermine public confidence in the financial system. Financial professionals will find this an important look at generative AI’s double-edged sword.
Summary
About the Authors
Ghiath Shabsigh and El Bachir Boukherouaa are with the International Monetary Fund.
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