GOLDILOCKS
"The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. The regulation is expected to enter into force at the end of the legislature in May, after passing final checks and receiving endorsement from the European Council."
European lawmakers have just passed the world's first major Act in regulating Artificial Intelligence inside the banking systems. These new features will be able to evaluate levels of risk from low, medium, to high.
Banks will be able to use AI in creating security, efficiency, and customer experience. AI will be able to automate routine tasks such as data entry and fraud detection.
Other benefits of using artificial intelligence will include operational costs and chat boxes that provide 24/7 customer service. Artificial Intelligence will provide round the clock services each day of the week going forward.
It is important to note that these new banking features through artificial intelligence is expected to be done by the end of May. The world of automation is here.
© Goldilocks
https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html
font-size: medium;">https://star-knowledge.com/blog/ai-in-banking/
No comments:
Post a Comment