Generative AI in Financial Institutions: Balancing Innovation

Generative AI is developing at an exciting pace, transforming compliance, risk management, and the customer experience. It’s potential also requires financial institutions to navigate ethical dilemmas, security risks, and implementation challenges. This episode of the Forward Thinking Podcast features FCCS VP of Marketing and Communications Stephanie Barton and Kris Stewart, a certified regulatory compliance manager, product manager, attorney and business leader for Wolters Kluwer Compliance Solutions for a conversation about the power and possibilities of generative AI in financial institutions and how farm credit institutions can harness this technology while ensuring compliance and trust with their customers. 

 

Episode Insights Include:

 

Generative AI in the Financial Industry 

• Generative AI is already a game changer and will continue to shape the future. 

• Real-world applications include credit risk assessments, servicing loans, and reviewing credit documents. 

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