AI: a saviour for finance or catalyst for financial meltdown?

In 2023, AI became widely known, raising concerns about its impact on financial stability. Various industry experts shared their insights in a recent article on this subject featured in RegTech Analyst.

George Markides, Senior Manager of the Compliance Support Department at MAP FinTech, highlighted the historical evolution of financial markets due to technological advancements. He cautioned that AI could introduce greater unpredictability to the financial markets and cited past instances where algorithmic trading had led to disruptions. Despite these concerns, Markides believes that AI can also enhance market efficiency and liquidity, provided regulators and operators implement appropriate safeguards.

Read the full article here.