Artificial Intelligence in the Financial Sector - Innovation and Risks

Anna Domokos () and Peter Sajtos ()
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Anna Domokos: Magyar Nemzeti Bank
Peter Sajtos: Magyar Nemzeti Bank

Financial and Economic Review, 2024, vol. 23, issue 1, 155-166

Abstract: Artificial intelligence has come a long way and achieved many breakthroughs. Today, this technology is in the focus of public debate again and is increasingly part of our everyday lives. The financial sector is no exception to this trend. As this technical paper demonstrates, given the risks associated with efficiency-enhancing business opportunities, there may be a case for a possible sector-specific regulatory framework, which is essential to exploit the potential of the technology while minimising the risks.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:23:y:2024:i:1:p:155-166

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