GenAI: reimagining financial services
Join us for our upcoming webcast : GenAI unleashed: the future of risk and compliance in FS
Generative AI (GenAI) is revolutionary. For financial services firms, transforming the business means both understanding the technology and enabling it for enterprise scale, while carefully managing the risks. Value creation from GenAI will come not only from cutting-edge technology but from a data culture that invests in foundational capabilities and well-thought-out frameworks for responsible AI. Successful initiatives will manifest from a combination of industry domain expertise and a culture of innovation that envisions new ways of doing business through the convergence of GenAI and other next-generation technologies.
GenAI might just be the transformative moment that changes everything
While AI has been widely used in financial services firms, GenAI stands poised to redefine the future of financial services from front to back office. As such, financial services firms must ensure their governance frameworks are aligned to the new risks that emerge from AI use cases being implemented throughout the enterprise fabric. Implementing GenAI requires heightened board-level attention to issues of ethics, trust and bias, along with renewed vigor for cybersecurity and data integrity.
Why EY?
EY teams help enable the world’s leading financial services firms to ask the big questions, define strategies to align GenAI capabilities with company value drivers and execute the strategy to capture the value opportunity. Our multidisciplinary teams can look across the business, data and AI, technology, risk, and privacy disciplines to help craft new strategic direction, build and scale AI centers of excellence to enable AI use cases, develop robust governance frameworks, and deploy new operating models across people, process and technology. Whether you are looking to improve customer engagement or enhance knowledge management for the workforce, we can help transform your business while balancing risk and reward.
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