Generative artificial intelligence in finance
The rapid acceleration in the pace of AI innovation in recent years and the advent
of content generating capabilities (Generative AI or GenAI) have increased interest
in AI innovation in finance, in part due to the user-friendliness and intuitive interface
of GenAI tools. The use of AI in financial markets involving full end-to-end automation
without any human intervention remains largely at development phase, but its wider
deployment could amplify risks already present in financial markets and give rise
to new challenges. This paper presents recent evolutions in AI in finance and potential
risks and discusses whether policy makers may need to reinforce policies and strengthen
protection against these risks.
Available from December 15, 2023
In series:OECD Artificial Intelligence Papersview more titles