How Will AI Affect The Financial Industry?

Representatives from Wex, Home Trust and Wells Fargo sat down at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit to talk about how AI has impacted the the financial industry on the business and retail side.
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[@ReflectionOcean]

By YouSum Live
00:00:07 Impact of AI on the financial industry.
00:00:18 Evolution of AI in finance: from checks to fraud detection.
00:00:48 Embracing AI for customer experience and efficiency.
00:02:11 Importance of governance and transparency in AI adoption.
00:03:30 AI's role in solving customer problems and enhancing trust.
00:05:00 Shift towards imperative use of AI in financial institutions.
00:16:51 Future focus on industrial usage and embedded finance.
00:17:01 Balancing innovation excitement with regulatory compliance.
00:19:22 Excitement about expanding credit opportunities with AI.
00:19:50 Banking's societal importance as a monetary policy transmitter.
00:20:09 Expanding credit box for positive economic multiplier effect.
00:20:27 Empowering small businesses to make better decisions for prosperity.
By YouSum Live

[@willishere321]

My conclusion from watching this is that these leaders in Finance have no idea how this is going play out.

[@Nkpumesamuel]

Awesome

[@Basics-HQ]

GREAT

[@suganthisundararajan7141]

The first industry where we really need to remove human beings totally is the Finance industry.

[@aBOOBaMUSIC]

i doubt that'll impact inflation positively

[@gavinthind3058]

Reason ?

[@brandonreed09]

Pointless video.