There are many and diverse financial institutions that can improve their production capacity with the use of artificial intelligence, however it is important that all experts and involved in this technological challenge can work to better manage all the risks that may be involved.
In particular I mention the financial sector as the entity that must study very well the risks associated with the use of artificial intelligence for the simple fact that there has been a massive increase in the use of artificial intelligence in the financial sector, as we all know when something is entering with great force to an entity of relevance is important to evaluate the pros and cons of this element that emerges with force.
The money that moves in the world is very large, perhaps we have no idea of all the flow of money that moves constantly, as far as artificial intelligence is concerned, a favorable amount of money has been invested in artificial intelligence applications for finance.
There are multiple variables that can make us think that the constant investment that is made in artificial intelligence in finance helps us to obtain an integration between artificial intelligence and finance, this integration takes us to a second plane where financial customers will feel more secure therefore generating confidence in investments in the financial ecosystem, the financial market can also improve the efficiency of their transactions while at the same time reinforcing the financial stability necessary for today's society.
Everything cannot be perfect in life, in the case of artificial intelligence applied to finance there are some challenges to be investigated and solved, despite all the existing benefits that have already been mentioned above, we must work on solving the following:
Privacy: there are experts who invade the electronic systems appropriating the financial privacy of the banking systems, at present this is still a challenge to be overcome as far as artificial intelligence is concerned.
Transparency and accountability: If the current systems fail to provide the customer with transparency in their transactions allows financial institutions to act responsibly, so transparency and accountability would be other challenges to be followed by artificial intelligence.
Conclusion
Simply the current society must understand that the maximization in the optimization of the challenges to be adopted by artificial intelligence in the financial world will not reach a 100% solution to these challenges, however, the time that passes is very important to measure the constant evaluation of the progress that can be made and observe the good results obtained.
Keywords of the post: challenge, finance, financial, artificial intelligence, society.