Artificial intelligence (AI) has made great strides since the turn of the millennium and continues to evolve at every turn. Read more: https://razisalihofficial.wordpress.com/2024/01/10/ais-growing-impact-on-fintech/

1. THE PROCESS
OF AI
ADOPTION
RAZI SALIH

2. 2
THE PROCESS OF
AI ADOPTION
Artificial intelligence (AI) has made great strides since the turn of
the millennium and continues to evolve at every turn. The quality
of results continues to improve in the industries and sectors that
have adopted it, including fintech, and as more customers and
businesses use it, the more people get accustomed to it.

3. 3
The environment for acceptance has
also changed, helping the AI adoption
currently being witnessed.
Does Regulation
Help?
In the compliance sector, regulatory
aspects have brought broad implications,
both positive and negative. All
stakeholders have been forced to work
on solutions that work for the industry,
as old-school technology isn’t seen as
viable. As regulators want to see more,
the path for AI integration has become a
little smoother.
However, there are issues to address,
especially from a legal perspective.
Solutions providers are keen to ensure
that AI gets it right in terms of avoiding
bias and maintaining confidentiality, not
to mention hallucinations that would
greatly impact the decision-making
process.
The Future
Based on its breakthroughs and ability
to adapt quickly, many believe that AI
is here is stay. Its proponents feel that
it works best when used together with
other technologies, and that the human
element is still important in this context.

4. To learn more about this topic,
visit the blog of Razi Salih.