Fintech Synergy: Transforming Finance Through AI, Crypto, and Social Algorithms
A webinar titled 'Beyond Intuition: AI, Crypto, and Social Algorithms Shaping the Future of Finance' discussed the impact and challenges of bank-fintech collaborations. Experts highlighted AI's role in improving risk assessment, while cautioning against the influence of misleading financial information on social media.
During a webinar organized by the Indian Institute of Management Bangalore, industry experts explored the evolving landscape of finance through technology. Julapa Jagtiani, Senior Economic Advisor at the Federal Reserve Bank of Philadelphia, emphasized the benefits of bank-fintech partnerships in improving risk underwriting and pricing.
Evelyn de Rothschild and Marina Niessner also contributed insights into how financial social media is shaping investment decisions, despite concerns over misleading content. Niessner pointed out the increasing influence of social platforms on trading volumes, warning about the negative effects of counterfeit financial narratives.
Professor Raghavendra Rau critically examined AI models, advising caution in their application for crucial financial decisions. He noted that advanced systems, although impressive, could lead to errors without actual comprehension, posing risks in high-stakes scenarios.
(With inputs from agencies.)
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