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AI in SupTech

AI in SupTech

by Starling Insights

Starling Insights Editorial Board

Dec 11, 2023

Observations

Suptech Innovation & Technology Innovative Approaches Cross-Border Collaboration

ICYMI: In a LinkedIn post published last month, Cambridge SupTech Lab's Matt Grasser and Kalliopi Letsiou explain that the financial services sector has fully embraced AI, incorporating it into data analytics, risk management, compliance, and customer services — and powering potentially transformative technologies for banking sectors supervisors as well (“SupTech").

Supervisory authorities face the dual task of harnessing the value of AI while addressing emerging risks stemming from its use. "Successfully traversing this path requires developing new skills, fostering a culture of innovation, and building systems that can effectively integrate AI technologies," Grasser and Letsiou argue.

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