He also noted that investment managers are actively researching and testing new investment strategies based on artificial intelligence. In the payments industry, artificial intelligence is optimizing transaction routes. Currently, generative AI models are mainly used for internal tasks such as document management, IT solutions, and chatbots.
A survey conducted by the Bank of Russia among financial market participants showed that the application of artificial intelligence will continue in the coming years.
“One in every four banks in the financial market uses artificial intelligence. If we talk about systemically important banks, all of them have already implemented artificial intelligence. <...> Lozgacheva stated that artificial intelligence is already firmly embedded in the business processes of financial institutions.
Source: Ferra
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