How AI Can Help Boost Inclusion Across The Fintech Industry?

The increased use of AI has sparked debates on its potential benefits versus possible harm across all industries. Concerns encompass machine learning expansion risk, discrimination, misinformation, and societal risk. When considering AI’s part to play in inclusion, there have been numerous instances of sexist robots and racist chatbots getting it terribly wrong.

Recent technological advancements have intensified AI’s prominence. The global AI market, valued at USD 136.55 billion in 2022, is projected to grow at a CAGR of 37.3% from 2023 to 2030, substantiating its importance. The regulators are taking note.