Banking on Artificial Intelligence

Charmele Ayadurai, Sina Joneidy

Research output: Other contribution

Abstract

UK being the 21st century financial hub of the world is challenged to adopt AI
(Artificial Intelligence) but at the same time is challenged by it. If banks do not adopt
AI, banks will become dinosaurs and soon extinct. Yet, if banks embrace AI, banks
need to promise no harm will come out of it. This piece is written to create
awareness and give some food for thought for all stakeholders involved from the
developers of AI, the end users to the general public. A responsible AI requires
commitment from all parties including the society to question, debate, and synthesis
on the use of AI. Cohesively helping to building a system that is not only responsible
and trustworthy but a system that benefits all.
Original languageEnglish
TypeParliamentary evidence
PublisherUK Parliament - Tech and the future of UK foreign policy
Publication statusPublished - 25 Jun 2021

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