Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance

This book PDF is perfect for those who love Business & Economics genre, written by El Bachir Boukherouaa and published by International Monetary Fund which was released on 22 October 2021 with total hardcover pages 35. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance books below.

Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance
Author : El Bachir Boukherouaa
File Size : 46,9 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 22 October 2021
ISBN : 9781589063952
Pages : 35 pages
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Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance by El Bachir Boukherouaa Book PDF Summary

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

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