KEY POINTS
- This article follows a session exploring the impact of artificial intelligence (AI) on financial systems at the 2023 ASIC Annual Forum in Melbourne.
- Through machine-learning models, robo-advice, and scam prevention, AI can be used to leverage good outcomes for consumers – but each new opportunity carries risk.
- ASIC is closely monitoring the development and application of AI to better understand the threats and opportunities for regulated entities and markets.
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