Leveraging GenAI in banking- Opps, risks, and security

2024

Open publication workspace · Sign in to read the full PDF.

AI-generated summary

1) This report provides banking leaders with a comprehensive guide to leveraging Generative AI while effectively managing associated cybersecurity, operational, and regulatory risks.
2)
- Explores core banking use cases including loan processing, cybersecurity, identity verification, customer support, fraud detection, and risk management.
- Identifies critical risks such as data privacy breaches, black-box transparency issues, bias, and adversarial attacks.
- Details actionable recommendations including robust data governance, continuous monitoring, and adherence to the NIST AI Risk Management Framework.
3) GenAI, banking, cybersecurity, risk management, data governance

Check the original publication for accuracy and context.