Humanising AI: why the future of banking must put people first

As financial institutions rapidly adopt artificial intelligence (AI), it's crucial to consider its implications for society. While AI holds the promise of enhancing accessibility and efficiency in banking, it risks perpetuating existing inequalities and biases, often concentrated in the hands of a few powerful entities. The challenge lies in ensuring that AI serves all of humanity, promoting trust and transparency rather than exclusion. By prioritizing human values and addressing societal impacts, we can shape AI as a tool for financial inclusion, ensuring that technological advances benefit everyone, not just a privileged few. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures