China Daily
In China Daily, BCG’s David He and Sally Sun explain that generative AI has the potential to improve operational efficiency within the banking industry. A BCG report asserts that before the technology is promoted for large-scale commercial use, safeguards must be put into place to ensure that data is used responsibly and remains secure. “It is important for banks to establish a responsible AI system and ensure the fairness, accountability, transparency, privacy, and security in the application of generative AI,” says Sun.