Experts examine AI's impact on Thailand's financial services sector

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Experts examine AI's impact on Thailand's financial services sector

//business-finance.news-articles.net/content/202 .. act-on-thailand-s-financial-services-sector.html

Published in Business and Finance on Wednesday, February 19th 2025 at 7:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today. Financial experts warned that fully banking on artificial intelligence (AI) won't guarantee a positive return on investment but pinned that clean data,

- Click to Lock Slider

The article from MSN discusses the transformative impact of Artificial Intelligence (AI) on Thailand's financial services sector. Experts highlight that AI is revolutionizing the industry by enhancing efficiency, reducing costs, and improving customer experiences through personalized services. AI applications include fraud detection, risk management, and customer service automation. The adoption of AI is seen as a competitive necessity, with financial institutions leveraging AI for better decision-making and operational improvements. However, the article also addresses concerns such as job displacement, data privacy, and the need for regulatory frameworks to manage AI's ethical implications. There's an emphasis on the importance of upskilling the workforce to adapt to these technological changes, ensuring that Thailand remains competitive in the global financial landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/technology/artificial-intelligence/experts-examine-ai-s-impact-on-thailand-s-financial-services-sector/ar-AA1zl7bF ]