The financial services sector is at a critical juncture as it faces increasing pressure to adopt cutting-edge technologies like AI to stay competitive and relevant. Financial services and financial technology companies are rapidly embracing AI advancements, particularly large language models and retrieval-augmented generation, to drive innovation and improve customer experiences. However, with these opportunities come substantial risks, most notably the security and resilience of AI systems. Understanding how financial institutions can balance the need for innovation while safeguarding their operations through robust cyber security measures and AI risk management strategies will be among the most important strategies on the pathway […]
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