An archive photo
MINSK, 30 October (BelTA) – By leveraging artificial intelligence, banks can achieve a higher level of security for their clients’ data, First Deputy Chairman of the Board of the National Bank of Belarus Aleksandr Yegorov said at the International Banking Council meeting held in Minsk to discuss the opportunities and risks of applying artificial intelligence in the banking system, BelTA has learned.
“Artificial intelligence represents the natural evolution of machine learning, a technology the banking sector has used for decades. As the next step, AI is a powerful force for modernizing the banking industry, primarily by optimizing a vast number of internal business processes and enhancing everyday customer experiences,” Aleksandr Yegorov noted.
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