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In Chapter 1 , we discussed the fundamentals of GenAI and provided examples on how it can be used in our day-to-day lives. This book, however, is primarily about the application of GenAI to the financial services sector (FSS). At its core, financial services are critical for global economic growth and development. The FSS encompasses a wide range of segments, from banks and insurance firms to investment companies and fintech startups. This chapter explores the FSS landscape and how GenAI can serve as a powerful mechanism to help the Financial Services Organizations (FSOs) overcome challenges and to fulfill their objectives

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GenAI and the Financial Services Sector

  • 章节

  • 发表日期：

    2025年

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  • Srinath Godavarthi,
  • Ravi Nagvekar

摘要

In Chapter 1 , we discussed the fundamentals of GenAI and provided examples on how it can be used in our day-to-day lives. This book, however, is primarily about the application of GenAI to the financial services sector (FSS). At its core, financial services are critical for global economic growth and development. The FSS encompasses a wide range of segments, from banks and insurance firms to investment companies and fintech startups. This chapter explores the FSS landscape and how GenAI can serve as a powerful mechanism to help the Financial Services Organizations (FSOs) overcome challenges and to fulfill their objectives