The Teller Window
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1 posts on "Technology"
December 14, 2023

AI Applications in Finance: Considering the Benefits and Risks

Mihaela Nistor

The Fourth New York Fed Conference on Fintech, held on September 29, convened thought leaders from the financial industry, academia, and public sector to discuss financial technology developments and their impact, with a focus on artificial intelligence (AI) and digital assets. As I noted in remarks at that event, I believe it is important to broaden our collective understanding of how financial technology—and especially generative AI—can be harnessed to deliver progress on our collective goals, while recognizing the need for guardrails and safety measures.

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The Teller Window is a publication featuring expert knowledge and insight from the New York Fed, including thoughts and perspectives from senior leaders. It offers a deep look at issues that matter to the Federal Reserve’s Second District and the nation.

Articles on the Teller Window focus on the people and programs that help the New York Fed support the U.S. economy. They are written for a wide audience with the aim of illustrating what we are doing and why it matters. Stories include editorials, interviews, explainers, and reports on events and trends in our communities and region. The Teller Window is edited by the Communications and Outreach Group on behalf of the New York Fed. Separately, for analysis from New York Fed economists working at the intersection of research and policy, please see Liberty Street Economics.

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