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Innovation, Opportunity, and Ethics: The Role of Generative AI in Financial Services

June 15, 2023
in DeFi
Reading Time: 2 mins read
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What’s the position of Generative AI in monetary providers? It appears as if each week one other fintech or monetary providers firm is asserting that it’s integrating ChatGPT – among the many hottest Generative AI functions – into its merchandise. This week alone Avalara introduced that it’s launching a gross sales tax calculator plugin for ChatGPT, and cryptocurrency alternate Bybit reported that it’s integrating ChatGPT into its buying and selling instruments.

As a part of our Streamly Way forward for Finance Collection, we requested Rocio Wu, Principal at F-Prime Capital and a latest speaker at FinovateSpring, for her ideas on the position of Generative AI in monetary providers. What distinctive providers will Generative AI make potential? Are banks able to benefit from what Generative AI has to supply? And what are the moral considerations about the usage of Generative AI in monetary providers? Wu discusses all this and extra in her Streamly Way forward for Finance Q&A: “The three primary classes of Generative AI innovation in monetary providers.”

Try extra insightful evaluation from our Streamly Way forward for Finance sequence. And for extra on Generative AI, remember to watch Bain Capital Ventures Accomplice Sarah Hinkfuss on why it can be crucial for monetary providers to concentrate to Generative AI.

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Tags: EthicsFinancialGenerativeInnovationOpportunityRoleServices
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