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FSB report highlights need to minimise AI risk to financial stability

An AI powered robotic head.
AI adoption in the financial sector is on the rise.

What are the implications of AI adoption in the financial sector? We take a look at the key findings from FSB’s latest report.

A number of factors have contributed to the rise in adoption of artificial intelligence (AI) in the financial sector in recent years. These include improvements in deep learning, data collection, cloud computing, advances in software as well as hardware developments and so on.

Although there is not enough data to