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Emerging technologiesOctober 11 2023

The risks of generative AI-powered chatbots

What are the key practical issues and risks for the financial sector when deploying a chatbot to interact with retail customers?
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The risks of generative AI-powered chatbotsImage: Getty Images

The financial sector is no stranger to leveraging AI technology to offer user-friendly, efficient and effective services. This adoption is only set to accelerate with the rapid advancements offered by generative AI (GenAI). An emerging and transformative use of GenAI is the deployment of GenAI-powered chatbots to interact with customers.

However, it is still a nascent technology

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