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Hill Hearing Spotlights AI’s Promise and Pitfalls in Transforming Banking
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Hill Hearing Spotlights AI’s Promise and Pitfalls in Transforming Banking
Five witness told a House Financial Services subcommittee that AI is already changing the face of banking, improving back office operations and customer-facing interactions, but caution must govern use of the advanced technology in credit scoring and amid third-party vendor risks. At the Thursday afternoon (Sept. 18) hearing before the subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence titled “Unlocking t…
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