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Innovative financial services using generative AI are being provided in earnest – First designation of innovative services using generative AI in the financial sector

News Artificial Intelligence General Updates
Date: 9th Dec, 2024 Source: Financial Services Commission Country: South Korea Original Source

Brief

"On "09/12/2024", the "Financial Services Commission" issued an update regarding "Innovative financial services using generative AI are being provided in earnest - First designation of innovative services using generative AI in the financial sector". The commission designated 10 innovative financial services from 9 financial institutions that utilized generative AI, with a total of 141 applications received. The commission aims to ensure these services are delivered securely and balance innovation with security."

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Financial Services Commission

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