Please wait while the transcript is being prepared...
0:00
Hi. My name is
Alejandro Lopez-Lira.
I'm an assistant
professor of finance
at the University of
Florida and today we'll be
speaking about artificial
intelligence (AI), broader impact,
and preparing for an AI-driven
financial landscape.
0:21
Let's first start with
a quick overview
of AI in finance.
Today we stand at
the forefront of
a transformative era
in finance, marked by
the rapid integration of
Artificial Intelligence
or AI into financial
systems globally.
AI's role in finance has evolved
from a mere
technological novelty to
a core component
driving innovation and
efficiency across various
sectors including banking,
investment, risk
management, and insurance.
The significance of AI
in finance stems from
its unparalleled ability to
analyze vast amounts of data,
recognize patterns, and make
predictions with the level of
speed and accuracy far
beyond human capabilities.
This capability has opened
doors to numerous
advancements, such
as enhanced customer experience
through personal
financial services,
improved risk
assessment models, and
real-time fraud
detection systems
that safeguard
billions in assets.
Moreover, AI's integration into
shaping the financial
landscape by automating
routine tasks thereby allowing
financial professionals
to focus on
more strategic aspects
of their roles.
It's also democratizing
financial services
making them more accessible to
underserved populations
through innovations like
AI-driven credit scoring for
individuals with
limited credit history.
As we delve deeper
into this topic,
we will explore
how AI is not only
revolutionizing existing
financial operations, but also
paving the way for
new business models
and strategies. Thus,
preparing us for
an AI-driven financial
future that is
more efficient,
secure, and inclusive.
I will speak a little bit about
