Episode 21

🔍 Uncover AI Trends in Finance with Practical Insights and Challenges 🎓

Have you ever wondered how banks use AI to foresee and handle risks? What makes AI so effective?

How does AI sift through massive data sets to detect fraud? Can AI really outsmart fraudsters?

Could AI chatbots soon replace human agents? How do they boost customer satisfaction?

Hey there, tech enthusiasts! Today we explore the practical applications of AI in risk management, fraud detection, and credit risk assessment with industry experts David Van Bruwaene, CEO of Fairly AI, and Michelle Allade, Director of Model Risk Management at Pathward Financials. As they share their experiences and insights on leveraging AI for a more efficient and equitable financial landscape.

Watch now to Unlock the mysteries of AI in finance and see how it’s shaping the future of the industry.

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In This Episode:

[00:00] - FOR YOUTUBE ONLY, ADD "Introduction"
[04:09] - What are the top AI Trends? What solutions are offered by a vendor in the Marketplace?
[08:25] - Why AI is especially applicable in Fraud Detection?
[11:20] - Operational Efficiencies with Generative AI in Financial Services.
[14:33] - How Can auditors rely on AI and how can we show auditors that the AI use is reliable?
[19:11] - What kind of use cases we can see with AI in Credit Risk Models?
[23:26] - What kind of ethical and regulatory challenges do organizations have in dealing with AI in finance?
[37:29] – Where do the Ethical Regulatory challenges fit into the flow?
[40:53] – The impact of AI on Employment.
[52:24] – How organizations should look at AI? And how should Organizations implement AI?