End of 2022, the rapid emergence of generative artificial intelligence (AI) based systems, has sent the shockwaves around the world. Potential benefits that the use of this technology could bring to the companies in various industries have started catching eyeballs of the members of the c-suite of top global companies that have slowly but surely moved up the AI to the top of their agenda. The financial services industry, that has been increasingly experimenting with the use of the automated systems for the provision of various financial services for the better part of the last decade, did not stay immune to this new hype either.
But what are some main use cases for the deployment of AI in the financial services space, what benefits can the use of this technology bring for financial institutions and what are some key regulatory considerations that they need to make in this process?
Find out in this episode of our Podcast Series, in which Dr. Verena Ritter-Döring (Partner, Frankfurt) discusses with Fritz-Ulli Pieper (Salary Partner, Düsseldorf) and Miroslav Đurić LL.M. (Senior Associate, Frankfurt) this topic in more detail. Enjoy!
