In recent years, artificial intelligence has been creating growing expectations, taking on an unexpected role at national and international level in so many aspects of economic, financial, social and geopolitical life. Particularly in the financial sphere, technological innovation had already been fostering a broader and more varied digital offering and new business models, processes or products for some time, and today, with the further development of AI-based systems, it has given rise to a range of banking, financial and insurance services for businesses and individuals. Electronic payments (Cashless), online platforms for lending between private individuals (Peer-to-peer lending) or for investing in innovative projects (crowdfunding), automated trading (Algo-trading), automated consultancy (Robo-advice) and new insurance risk management systems (InsurTech), are just some of the new opportunities that, however, require constant regulation, including international regulation, and careful monitoring involving very high skills.
Where will the growing presence of artificial intelligence systems in finance take us? In the face of the obvious benefits in terms of speed and accessibility, will the risks of criminal behaviour increase and for companies that fail to adapt to the speed of change?
