EP 133: How AI Will Change Financial Risk Management

What effect will AI have on financial risk management? How will financial institutions change and what impact will it have on consumers? Sandeep Maira, Founder & CTO of Raven Risk Intelligence, joins us to discuss the future of financial risk management with AI and how it'll affect us all.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Sandeep and Jordan questions about AI and financial riskUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: [email protected] with Jordan on LinkedInTimestamps:[00:01:35] Daily AI news[00:04:20] About Sandeep and Raven Risk Intelligence[00:08:15] How AI changes financial risk management[00:15:30] Challenges of adding GenAI to financial risk[00:25:15] The impact AI has on consumers[00:28:00] Final takeawayTopics Covered in This Episode:1. Current State of Financial Risk Management2. AI and Financial Risk Management3. Challenges and Opportunities in AI Implementation4. The Future of AI in Risk ManagementKeywords:film industry, creative individuals, break in, reach large audiences, internet, job opportunities, SEO, keywords, productivity, tools, advantage, open capabilities, language models, data sets, credit, access to credit, minority populations, traditional credit history, financial risk management, financial institutions, consumers, commercial credit lending, credit analysts, borrower, business strategy, management strength, competitive threats, automate, creditworthiness, dynamic information, unstructured data, narrow approach, tabular format models, real-time events, economy, human judgment, decision-making, large language models, reinforcement learning, inaccurate model outputs, human oversight, regulated finance, machine learning, human inputs, consumer credit, explainability, deep neural networks, traceability, success of AI implementation, turnover, tedious tasks, actors' jobs, interconnectivity, risk analytics, Raven Risk Intelligence, collapse of Silicon Valley Bank, structured data, macroeconomic indicators, automated tools, unstructured data, risk management techniques, ChatGPT updates, knowledge cutoff date, all tools mode, photos, PDFs, DALL E imagesSend Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist.